
Saved by Alphatu
The Responsible Financial Innovation Act – A Bullet Point Summary
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To summarize, Binance continues to be a first-mover for innovative initiatives within the crypto industry.
It struck me as an instance of regulatory empire building—a classic Washington maneuver: recognize a new innovation in order to force ever more businesses into the regulatory framework.
Coinbase, the exchange that serviced the greatest number of US customers, appeared willing to take more regulatory risk. It listed roughly five hundred coins, including some that the SEC pretty clearly viewed as securities, and its CEO, Brian Armstrong, took to Twitter to criticize the regulators for “sketchy behavior.” Coinbase itself had no excha
... See moreurged the CFTC and other US market regulators to follow five principles when regulating digital markets: embrace innovation, protect intellectual property, repurpose old rules for an emerging digital age, unburden the economy for growth, and champion US markets.