As crypto becomes mainstream, regulation is coming. A united industry that has thought deeply about coordination and scaling issues, and has developed sophisticated institutions that can engage with existing structures will be invaluable. Institutions could support growth, innovation and help to bring crypto mainstream in a way that retains the ben... See more
I think a lot of crypto space, maybe because of its roots in cypherpunk culture, tries to reinvent the wheel on things that regular financial, governmental structures have A/B tested for a very long time and produced battle-tested solutions for. And some of these innovations do make sense in a new environment. But many of the changes are trying to ... See more
The hype cycle is now in full swing. Gensler is a lame duck sitting SEC Chair and it’s clear he won’t be back when his term ends in 2026. While the CFTC hasn’t officially been deemed the regulator of choice for crypto, it’s evident that’s now just a formality; the United States averts what was previously viewed as an existential threat.