Sun, June 30, 2024 at 16:05

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I want to discuss Vitalik Buterin's recent criticism of the US crypto regulation framework.

  • 
• Annie

  • Oh, that sounds interesting!

  • What exactly did he say?🤔

  
• 

  Kang-hoon

  • Buterin argues that the current US regulation unfairly targets cryptocurrencies as securities while allowing projects with vague potentials to operate unchecked.

• Annie

  • So, he's saying that the regulations are inconsistent?😕

  
• ADward

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• 

  Kang-hoon

  • Exactly.

  • He describes this inconsistency as 'anarcho-tyranny,' where the system neither fully supports innovation nor strictly regulates it.

• Annie

  • Anarcho-tyranny?

  • That's a strong term.

  • What does he suggest should be done?🤨

  
• 

  Kang-hoon

  • Buterin advocates for a regulatory shift that encourages transparency and long-term value.

  • He believes that issuing tokens without a clear, long-term plan should be considered riskier.

• Annie

  • That makes sense.

  • So, he wants more transparency in the crypto space?🌐

  
• 

  Kang-hoon

  • Yes, he emphasizes that projects with well-defined financial expectations and customer rights should be encouraged rather than penalized.

• Annie

  • How have analysts responded to his comments?📊

  
• 

  Kang-hoon

  • Analysts agree that Buterin's comments highlight the need for a more balanced regulatory approach.

  • They believe this could reward transparency and long-term planning in the crypto ecosystem.

• Annie

  • Has there been any recent regulatory change that aligns with Buterin's views?🔄

  
• 

  Kang-hoon

  • Yes, the approval of a spot Ethereum ETF is seen as a positive step.

  • It indicates that the regulatory bar is shifting in favor of crypto.

• Annie

  • That's good news!

  • But do you think this will have a significant impact on the market?📈

  
• 

  Kang-hoon

  • While it is a positive development, the overall regulatory environment remains challenging.

  • The inconsistency in regulations could still hinder innovation and transparency.

• Annie

  • So, despite some positive changes, the overall outlook isn't very optimistic?😟

  
• 

  Kang-hoon

  • Correct.

  • The regulatory framework needs significant reform to truly support the crypto industry.

  • Until then, the market may continue to face uncertainties.

  • 
• Annie

  • That's a bit disappointing.

  • Do you think this news is more of a negative for the market?📉

  
• 

  Kang-hoon

  • Yes, I would consider it a negative.

  • The current regulatory environment creates an unfavorable incentive structure, which could stifle innovation and transparency in the long run.

• Annie

  • Thanks for the insight, Kang-hoon.

  • It's always good to get a clear perspective on these issues.🙏

  
• 

  Kang-hoon

  • You're welcome, Annie.

  • It's important to stay informed, especially in such a rapidly evolving industry.

  • Upon comprehensive consideration, this news is perceived as a 😱Bearish.