In a recent statement, Y Combinator cofounder Paul Graham has shed light on the regulatory challenges faced by the crypto industry under the previous SEC administration. He argues that the industry's calls for regulation were ignored, leaving it in a state of uncertainty. Experts in the publication emphasize that addressing these challenges is crucial for the future stability of the market.
Критика Грэма в адрес Гэнслера
Graham criticized former SEC Chair Gary Gensler for his 'stupid' approach, highlighting that the agency's refusal to clarify the legal status of cryptocurrencies hindered legitimate companies like Coinbase. Many firms were either stonewalled or faced lawsuits, prompting some to relocate their operations offshore. In stark contrast, fraudulent entities such as FTX flourished in this environment of ambiguity, taking advantage of the lack of regulatory oversight.
Новая инициатива SEC под руководством Пола Аткинса
The new SEC head, Paul Atkins, has initiated Project Crypto, aiming to normalize digital assets and asserting that most crypto tokens should not be classified as securities. This marks a significant shift from Gensler's previous stance, but it has not been without controversy, as Democrats have expressed opposition to this new regulatory direction.
In light of recent discussions on regulatory challenges in the crypto industry, Ethereum co-founder Vitalik Buterin has emphasized the importance of scrutiny within the community. His insights serve as a reminder for investors to remain vigilant against unrealistic promises in projects. For more details, see read more.
