Jan. 15 at 8:56 PM
$CRCL $COIN $BTC.X
$IBIT $ETH.X
Crypto world will determine their own paths and operate with or without government regulation.
However, unregulated (or self-regulated) exposes to mega cheating and failures like FTX and Luna in tens of billions.
Clear and trustworthy regulation can increase the confidence of (regulation complying) digital assets and sets the foundation for explosive growth.
They are battling over many sensitive big topics such as who (SEC vs CFTC vs ???) should oversee digital assets.
The legacy banks (LB) are battling to stop interest payment, though crypto producers have found a workaround. Obviously LBs are scared of large deposits moving to digit coins for faster transaction with lower fees if they can earn the same level of trust as LBs
In summary, eventually the regulation (Clarity Act) must happen as digital currency is the future for its efficiency, but it's going to be a tough (and sensitive) battle.
Without it, it slows the adoption of digital assets.
