Self-regulatory organizations growing alongside new US crypto regulation – COINTELEGRAPH – Global DCA

Self-regulatory organizations growing alongside new US crypto regulation – COINTELEGRAPH

Self-regulatory organizations growing alongside new US crypto regulation – COINTELEGRAPH

SROs can eventually provide the “connective tissue” between the crypto industry and U.S. government as regulatory infrastructure forms.

Federal regulation is necessary but not sufficient, Kusz said. Rather, a holistic approach to a regulatory framework is needed. “Regulatory bodies need to move away from an adversarial role toward community management to help shape an ecosystem that works,” she said. “I am not fearful” about regulation, she continued, “but optimistic. […] It will take multiple organizations to steward the industry and bring forward innovation. It’s not competitive.”