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It's the other way around actually: Crypto is currently NOT covered by most of the things you list (securities laws, regulation etc). Coinbase etc just want t
by LatteLazy 4y ago
It's the other way around actually: Crypto is currently NOT covered by most of the things you list (securities laws, regulation etc). Coinbase etc just want to keep it (mostly) that way.
This is an important difference because really you should be able to explore tech without having to show up-front (to the satisfaction of a government agency or a self appointed group) that it is sufficiently interesting technically to be permitted.
Also, I don't entirely buy that Coinbase (specifically) want to prevent regulation. They've worked hard to position themselves as the regulated, above board, professional option in the space. More or Tighter regulation (but not an outright bad) would likely help them as they would likely already be compliant and other providers would either fold or close to US users or scramble to catchup...
- jameshart 4y agoThe fintech industry is trying to frame the Overton window around crypto with various claims - including the claim that they are outside existing regulation, as well as that they don’t need additional regulation, and anyway they can’t be regulated. This is how lobbying works.