Money crypto in this context includes crypto-financial services such as custody, exchanges, market making, investing and lending.
DeFi blue chips continued to operate without a glitch last year, while large opaque, centralized crypto financial institutions collapsed like dominoes.
Unfortunately, financial regulation, essentially a patchwork of crippling rules accumulated over a century, is not conducive to any form of technological innovation.
If the United States and other major economies want to be competitive in the metaverse era, they need to create new legislation for tech crypto that is inspired by internet rules and not by financial regulation.
Tech crypto is a continued evolution of the internet, and needs to be regulated in a similar way as regulators approach the Web.
Crypto are a matter of prejudice rather than fact. Critics like John Reed Stark tend to cherry-pick examples that validate their preset notions about the industry.
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