⚖️🪙 #CryptoRoundTableRemarks 🪙⚖️
⚖️ Good day, everyone. Thank you for joining this critical discussion on crypto regulation.
⚖️ I’m here to cut through the noise, not add to it. The crypto space is a mess of innovation and uncertainty, and our job is to bring clarity without stifling progress or pandering to hype.
⚖️ Let’s face facts: the current regulatory framework is a patchwork that doesn’t fit blockchain’s reality.
⚖️ Investors are exposed to risks hacks, fraud, and unclear custody rules because we’ve been slow to adapt.
⚖️ The SEC’s past enforcement-heavy approach created fear, not solutions. We need a rational path forward, grounded in first principles.
⚖️ Crypto assets aren’t all securities, and pretending they are is lazy. We must define what’s what tokens, stablecoins, DeFi protocols and tailor rules that protect without strangling innovation.
⚖️ Custody is a prime example: existing laws don’t account for self-custody or smart contracts. We should explore updating the Exchange Act and Advisers Act to address these gaps.
⚖️ Tokenization, meanwhile, could revolutionize markets, but only if we stop forcing square pegs into round holes like Form S-1.
⚖️ This isn’t about pleasing crypto bros or traditional finance. It’s about getting it right. I’m skeptical of both unchecked hype and overbearing regulation.
⚖️ Let’s hear from panelists who’ve wrestled with these issues not just theorized. We need practical ideas to balance investor safety with the freedom to build.
Thank you, and let’s get to work.
