Scary times in crypto

I’m off to Seattle for an extended LDW. I’m excited for the R&R before things pick up.

On another note, I’ve been reading just how much is happening right now in the crypto world with regulators and lawsuits. It’s a scary time right now for everyone in the crypto world.

Yes, there have been some big wins. But the SEC and other regulators did not seem to be letting up in their crackdown. I don’t know how things will shake out. I know the crypto industry needs regulation, but at the same time, there’s a real risk that over regulation really puts us behind the rest of the world when it comes to tech.

One thing is clear to me though and that is our current systems and rules do not work. We need a different enforcement agency and modern regulation in order to properly govern crypto. Given the state of our government, I unfortunately do not think that’s happening anytime soon.