Brian Brooks: Not Everything in Crypto Needs to Be Regulated | Crypto Craft

  • Brian Brooks: Not Everything in Crypto Needs to Be Regulated

    From decrypt.co

    Crypto regulation is at an inflection point in the U.S. as companies complain about the lack of clear guidelines. Leading exchange Coinbase last week fumed about a fight it's having with the Securities and Exchange Commission over a lending product it wants to launch. In the background, Ripple Labs is defending itself against a $1.3 billion SEC lawsuit over XRP token offerings. And major financial regulators are meeting behind closed doors to decide how to deal with stablecoins. Brian Brooks, a former top regulator himself and former Coinbase general counsel, suggests we're approaching it all wrong, like we're asking ... (full story)

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Goat
Sep 15, 2021 6:20pm
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I wonder how much Garlinghouse paid this lawyer to write this bullshit. His argument boils down to "everyone is whining that they have to follow the law so there must be something wrong!".
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Goat
Sep 15, 2021 6:25pm
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From the article...

"I don't start with the regulation. I start with: 'What is the activity that we're doing here, and what aspects of it ought to be regulated?'" he told the audience. "And I don't start with the assumption that everything that's happening in crypto land ought to be subject to banking or securities regulation."

This shit is ridiculous. Everything that deals with money is regulated! Welcome to finance idiot!
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