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The Worst of Crypto Is Yet to Come
['Christopher Beam']
Business : The Atlantic
The crypto industry insists that its goal—the reason it’s spending ungodly sums of money to sway elections—is to be boring.
Crypto companies say they merely seek “regulatory clarity.”This phrase is, to be generous, a sleight of hand.
With the CFTC in charge, the SEC’s long list of pending cases would disappear, and we’d probably see a lot fewer prosecutions of crypto companies.
“If you had to fully and truthfully disclose the risks associated with crypto, the people who would engage in crypto would be near none,” he said.
Sheila Warren, CEO of the Crypto Council for Innovation, says that allowing people to buy and sell tokens isn’t about whether crypto is good or bad.
['worst'
'industry'
'commodities'
'securities'
'sec'
'come'
'blockchain'
'crypto'
'rules'
'companies'
'tokens'
'trump']