Increased regulation of cryptocurrencies by the Securities and Exchange Commission (SEC) appears imminent. But details, scope and timing are up in the air. Three crypto experts weigh in with their take below.
Cryptocurrencies (as we know them today) were initially conceived as a means by which individuals or business entities could free themselves from hectic or disadvantageous federal monetary policies. But increasingly, the same government that (in part) inspired their creation through its regulatory failures is looking to bring these wild horses to heel.
Any discussion of crypto regulation has to start with the facts that there are already laws against fraud and that “crypto” is not monolithic. There are many layers to “crypto” here are my thoughts and all are subject to change as I learn more
— Mark Cuban (@mcuban) September 16, 2021
2021 has heralded record values for digital coins. Market penetration has never been deeper or wider. And businesses have found significant leverage in this new landscape. Some companies have enjoyed greater gains from crypto trading than they have from sales of products or services. Investors now treat stocks in companies with crypto-heavy balance sheets like MasterStrategy, Tesla and Galaxy Digital as de facto coins. Bipartisan political will in…
