Two Q&As on how to regulate crypto

Contributing sentiments towards policy:

60% : The crypto spot market should be regulated, but progress has been slow, in large part because regulation always lags innovation, and crypto is still a relatively new innovation.
58% : Three, an SRO would be an effective way to make the crypto industry pay for the development and implementation of regulation.
56% : Regulation is always implemented through national authorities, and crypto is a global market, so it will always be challenging to protect investors.
52% : So, the problem is not a lack of clarity around regulation.
49% : Some deal with the integration of new technology into existing laws and regulation by, for example, addressing issues like how to custody a digital asset, or whether a stablecoin with particular characteristics should be considered a security like a mutual fund or a deposit like a banking product.
45% : So, the framework of US commodity regulation was always federal regulation of the derivatives market -- where people were hedging exposure to the physical market -- but it was never federal regulation of the spot market.
44% : The law is words plus, importantly, enforcement and oversight, and no greater place of oversight and enforcement exists than in the US regulated financial markets.
41% : This situation seems most comparable to the fraud perpetrated by Allen Stanford, where there was the facade of a regulated bank, but no inspection, no financial reporting, and none of the hallmarks of regulation.
40% : To what extent was FTX's collapse a failure of regulation?
40% : The focus on this classification issue is misplaced and, again, nothing more than an attempt to avoid regulation.
40% : To what extent was FTX's recent collapse a failure of regulation?
36% : So, where did regulation fail?
35% : One, that FTX's difficulties were centered in its offshore operations that were located in a place where regulation is nascent, which is almost always a recipe for disaster.

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