Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry – Regulation Bitcoin News
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
In a recent statement, the CEO of Custodia, a leading cryptocurrency custodian, has slammed the US government over its broad crackdown on the crypto industry and lack of regulatory clarity.
The CEO, David Jevans, expressed his concerns in a statement that was released last week, noting that the US government has been taking a “heavy-handed” approach when it comes to regulating the crypto industry. He pointed out that the lack of regulatory clarity has made it difficult for businesses in the crypto space to operate effectively and efficiently.
Jevans also noted that the US government has been slow to respond to the changing landscape of the crypto industry, which has resulted in a lack of guidance for businesses and investors. He argued that the government should provide more clarity and guidance to the industry so that businesses can properly understand the regulatory landscape.
Jevans further argued that the US government should be more open to innovative solutions and to the development of the crypto industry, rather than simply trying to crack down on it. He noted that the US government should be more open to exploring the potential of blockchain technology and its applications, rather than simply attempting to regulate it.
The statement from Jevans comes as the US government has been ramping up its efforts to crack down on the crypto industry. The US Securities and Exchange Commission (SEC) has been actively pursuing enforcement actions against crypto companies, while the Department of Justice (DOJ) has also been targeting crypto companies with criminal charges.
At the same time, the US government has been slow to provide regulatory clarity to the crypto industry. This has resulted in a great deal of uncertainty, which has made it difficult for businesses in the space to operate effectively and efficiently.
Jevans’ statement is a stark reminder that the US government needs to provide more clarity and guidance to the crypto industry. Without this, businesses in the space will continue to struggle to operate in an uncertain environment. It is therefore essential that the US government takes steps to provide more clarity and guidance to the crypto industry so that businesses can operate effectively and efficiently.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Source link
