Investors know what to expect when trading stocks. Regulations protect investors from fraud and other risks.
Adam Reeds, CEO of crypto-backed lending firm Ledn, says regulations are positive. Many institutions and groups are waiting.
Bitwise Asset Management's general counsel and chief compliance officer says regulations should require disclosures.
The lack of transparency for algorithmic stablecoin TerraUSD (UST) caused massive price drops in May for UST, LUNA, and BTC.
Sens. Cynthia Lummis, R-Wyo., and Kirsten Gillibrand, D-N.Y., recently introduced the bipartisan Responsible Financial Innovation Act.
The CFTC would be the primary regulator of cryptocurrencies, according to Dowling. "Gillibrand serves on the Agricultural Committee, wh
ich oversees the CFTC," says Dowling.
Many experts believe that cryptocurrency regulation will help stabilise digital asset prices.
Since Q4 2021, cryptocurrency prices have plummeted. Retail investors may never see a bottom. Even China predicts Bitcoin's demise.