Not a day goes by that we don’t talk about cryptocurrency regulation. Could this be the final step before the bull run so eagerly awaited by enthusiasts? In any case, politicians, regulators and icons of the cryptosphere seem almost unanimous as to the establishment of clear and harmonized regulation. Brian Armstrong, CEO of Coinbase, for his part, talks about DeFi regulation free from any form of excess.
Regulatory clarity for cryptos and DeFi
We recently had a Sam Bankman-Fried in favor of an effective regulation of cryptocurrencies. He even went so far as to describe this initiative as ” good thing to do » and to offer his help in order to accelerate.
A similar story was heard at Brian Armstrong on October 22. In a tweet, he said:
” It should be clarified that DeFi should be protected in any legislation aimed at regulating exchanges and centralized depositories. thanks to [Debbie] Stabenow and [John] Boozman for trying to make it right. »
This praise for the Democrat from Michigan and the Republican from Arkansas would come from their initiatives in favor of clear and reasonable regulation of cryptocurrencies and decentralized finance, underlines Daily Hodl. The security of the United States depends on it, according to Brian Armstrong.
Armstrong wants to benefit everyone
For some investors, especially those fond of the lack of KYC verification, cryptocurrency regulation raises concerns. The DeFi space represents in their eyes a better alternative to avoid complying with such requirements.
However, crypto regulators do not share this opinion. Faced with such a dilemma, Brian Armstrong proposes to protect DeFi from possible “ excessive regulation “. Otherwise, cryptocurrencies will suffer the same fate as semiconductors and 5G: offshoring.
Of course, regulations are necessary; the security of investments and that of nations are intimately linked to this initiative. However, the lack of moderation would harm the very essence of cryptocurrencies, and DeFi with them. If necessary, the decentralization so much vaunted by their promoters will disappear and we will return to square one as a corollary.
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