> Fwiw, if you are arguing for a review of how existing laws should apply to crypto, I'm fully on board.
Yes, I think we are on the same page. I don't think crypto should be, or it is even possible to be, the wild west, indefinitely. Something should be in place, but we should have some clarity, and it would be great if the organization coming up with the laws understands the technology at a technical level. Gary Gensler seems promising, but time will tell.
Come up with an actual proposal that isn't "deregulate it all because 1930s laws don't apply" and people might listen to you.
Until then, bona fide intentions to "evolve" regulation are virtually impossible to tell apart from fraudulent intentions and most of us can't be bothered to spend the time or effort to engage in such a fruitless exercise.
FWIW, I'm not saying Coinbase is right here, and I'm not saying deregulate it all. I do think regulatory clarity in crypto would be good, and possibly we should revise some laws that were made almost a century ago.
I do not have an actual proposal but I am not a law maker.
Yes, I think we are on the same page. I don't think crypto should be, or it is even possible to be, the wild west, indefinitely. Something should be in place, but we should have some clarity, and it would be great if the organization coming up with the laws understands the technology at a technical level. Gary Gensler seems promising, but time will tell.