Industry lobbyists at the Benzinga Future of Digital Assets conference expressed concerns about the lack of clear cryptocurrency regulations in the U.S. and the predominance of enforcement through the courts rather than proactive guidelines. The FTX scandal's impact on regulatory sentiment was noted, and comparisons were made with clearer regulatory frameworks in the U.K. and EU. Concerns were also raised about misconceptions regarding cryptocurrency's use in illicit finance. Despite regulatory challenges, there is anticipation for a potential Bitcoin ETF approval by the SEC, with companies like BlackRock and Valkyrie awaiting a decision expected in early 2024.