Crypto regulation is at an inflection point in the U.S. as companies complain about the lack of clear guidelines.
Leading exchange Coinbase last week fumed about a fight it’s having with the Securities and Exchange Commission over a lending product it wants to launch. In the background, Ripple Labs is defending itself against a $1.3 billion SEC lawsuit over XRP token offerings. And major financial regulators are meeting behind closed doors to decide how to deal with stablecoins.
Brian Brooks, a former top regulator himself and former Coinbase general counsel, suggests we’re approaching it all wrong, like we’re asking the kid selling lemonade to the neighbors to get a health permit. „It’s a weird question: 'Hey, you’re doing something. Show me what regulation you’re complying with.”
During a panel on institutional adoption of digital assets at the SALT Conference, a biannual event covering global finance and technology, the former Binance US CEO and Acting Comptroller of the Currency
Źródło: https://decrypt.co/81020/brian-brooks-not-everything-crypto-needs-be-regulated
