Hi Jean- I am curious why it is obvious to regulate crypto. Apart from the fact that the crypto community itself seems deeply split on the issue, wouldn't regulation just introduce moral hazard where none currently exists? I think anyone who invests in crypto accepts (or at least should accept) a very high level of risk. Apart from that, there seems little social purpose to any of this stuff that government money should back it, only private purpose. If crypto is regulated like regular finance, then what would be it's advantages over regular finance?
Force things that look like banks, brokers or exchanges to behave like banks, brokers and exchanges? Force things that look like equities to work within similar regime? What’s so horrible about that.
If crypto’s raison d’etre is to solve the trust problem, it is odd that it keeps getting blown up by untrustworthy actors who were not held accountable in their centralized organizations.
Hi Jean- I am curious why it is obvious to regulate crypto. Apart from the fact that the crypto community itself seems deeply split on the issue, wouldn't regulation just introduce moral hazard where none currently exists? I think anyone who invests in crypto accepts (or at least should accept) a very high level of risk. Apart from that, there seems little social purpose to any of this stuff that government money should back it, only private purpose. If crypto is regulated like regular finance, then what would be it's advantages over regular finance?
Force things that look like banks, brokers or exchanges to behave like banks, brokers and exchanges? Force things that look like equities to work within similar regime? What’s so horrible about that.
If crypto’s raison d’etre is to solve the trust problem, it is odd that it keeps getting blown up by untrustworthy actors who were not held accountable in their centralized organizations.