Regulations: Not the worst thing
After the bear market began collapsing certain projects, and VCs began selling off positions at scale, it’s probably a good time to rethink regulation. Although regulation will harm some aspects of the crypto market, it can legitimize the industry as a whole. It’s a finance balance, and one we need struck perfectly. Clear legitimization can open the door to a large influx of institutions that otherwise wouldn’t participate in what was termed the “Wild West of Finance.”
The Lummis bill, at minimum, nudges law-makers in the US to begin the long process of hammering out regulatory details. At its best, it can chauffeur a large cohort of funds that can propel digital assets into a new era of legitimacy (and upward prices).