Crypto Assets That Ain’t Securities Needs To Be Regulated Says CTFC’s Chairman

When you talk about crypto assets not securities am sometimes perplexed on why that is so, is it because of the volatile nature of digital currencies except stable assets.

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But well that should be a article for another day, speaking about regulation of these assets which has been on since bitcoin found it’s dominance, it’s gradual growth and adoption rate.

In a hearing session with CTFC’s Chair, which he is currently pushing for regulation of digital assets that are not securities. Making references to what the crypto sector experienced last year, with the several collapse of exchanges and crypto inclined institutions which was said to arguably took the ecosystem to it's core.

In he’s words he says that the crypto market was shaken to its core last year, on several different fronts. In my view the bankruptcies, failures, and runs only validate that action is needed. The ecosystem is vast, will not vanish, and needs comprehensive legislation.

The cryptoverse is not a closed system. Regulation is necessary to protect customers and to prevent failures which cannot predictably be contained within any boundaries across the domestic and global financial markets. Regardless of whether one or many occur in 2023 or 2033, we must act.

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