“It is crazy to want what is impossible. And impossible for the wicked not to do so.” – Marcus Aurelius
The FTX collapse has put the whole industry on trial. Regulators and policymakers are starting to wrap their heads around the dangers of leaving crypto unregulated.
G20 governments want to create a unified cryptocurrency policy. The UK is finalizing plans for crypto regulation. The SEC faces calls to boost crypto-exchange enforcement. U.S. Treasury's Yellen says cryptocurrencies need regulation. In this week’s hearings in front of the Senate Committee the need for regulation of some sort became a running theme.
“I don’t get the point of crypto or blockchain. It’s like counting how many times you chew gum. It makes no sense to me,” is one sentence I overheard.
We have a long road ahead.
That’s all for now, folks. Back to building an learning! 🚀
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