IoTeX, a leader in Decentralized Physical Infrastructure Networks (DePIN), is proud to announce that its Head of Ecosystem, Larry Pang, has been appointed co-chair of the DePIN Working Group within the Blockchain Association. This appointment highlights IoTeX’s commitment to driving industry collaboration and policy priorities in the rapidly evolving U.S. crypto and blockchain ecosystem. Joining co-chair Jacob Hample of Filecoin, Larry Pang will help lead efforts to shape the future of DePIN and its role in the digital asset economy.
1. Larry Pang’s Leadership Role in the DePIN Working Group
- Co-chair Appointment: Larry Pang has been elected to co-chair the DePIN Working Group alongside Jacob Hample, Head of Government Affairs at Filecoin. The group is part of the Blockchain Association’s newly launched initiative of 23 working groups, each focused on fostering collaboration and shaping policy priorities in the crypto and blockchain sectors.
- Industry Influence: This appointment underscores Larry Pang’s significant role in promoting decentralized infrastructure and his proactive involvement in the blockchain space, especially since IoTeX’s entry into the Blockchain Association last December.
2. The Blockchain Association’s Role in U.S. Crypto Policy
- Pro-Innovation Advocacy: The Blockchain Association is a nonprofit organization focused on creating a pro-innovation policy environment for digital assets. It boasts over 100 members, including leading investors, companies, and projects in the blockchain space, all working towards educating policymakers and shaping the future of crypto in the U.S.
- Policy Influence: The Blockchain Association’s working groups, including the DePIN Working Group, are integral in establishing policy frameworks that support the growth and success of the crypto industry in Washington, D.C.
3. IoTeX’s Commitment to DePIN and Crypto Policy Innovation
- IoTeX’s Advocacy: IoTeX’s active involvement in the Blockchain Association highlights its leadership in DePIN projects and its advocacy for crypto policy and innovation. As a co-chair of the DePIN Working Group, Larry Pang is positioned to influence regulatory frameworks that foster the growth of decentralized infrastructure networks in the U.S.
- Shaping DePIN Adoption: With the goal of advancing decentralized physical infrastructure networks (DePIN), IoTeX aims to develop industry standards and policies that accelerate real-world adoption and place the United States at the forefront of DePIN innovation.
4. The Vision for DePIN and the Blockchain Ecosystem
- Connecting the Physical and Digital Worlds: IoTeX’s vision of connecting the physical and digital worlds through blockchain technology aligns with the growing importance of decentralized infrastructure. The leadership of Larry Pang in the Blockchain Association’s DePIN Working Group is a significant step toward ensuring that regulatory frameworks support DePIN’s growth and real-world application.
- Industry Growth and Maturity: As blockchain and crypto industries mature, strong leadership and regulatory support are critical. IoTeX’s involvement in the DePIN Working Group ensures that decentralized infrastructure will thrive within the U.S. market and beyond.
Larry Pang’s election as co-chair of the DePIN Working Group within the Blockchain Association is a testament to IoTeX’s leadership in the DePIN space and its commitment to shaping the future of crypto and blockchain technology. By working alongside other industry leaders, IoTeX is taking significant steps to foster industry standards and regulatory frameworks that will accelerate the adoption of decentralized physical infrastructure networks, placing the U.S. at the forefront of blockchain innovation.
