Crypto industry needs 'sensible' regulation, expert says

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Ava Labs President John Wu weighed in on potential regulation for cryptocurrencies, arguing that it is most important that there is 'certainty' in the near future.

Ava Labs President John Wu argues that it is most important that there is 'certainty' in the near future because from an operator’s perspective, there is so much interest in terms of human and financial capital entering the space.

"The reason why this country has been great through innovation, is because there’s entrepreneurs and there’s capital markets that work and function well," Wu told host"We do not want the capital markets for the trading of these assets offshore because there’s uncertainty of rules here." He added that "we want the developers, the engineers and the innovators in this space to be doing it onshore, not overseas, so certainty will give a lot of clarity for all of that and hopefully spur another huge leg of growth."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Markets Shed $100 Billion as Bitcoin Dumped to $44K (Market Watch)The crypto market cap is down by around $100 billion in a day, as bitcoin slipped to just over $44,000, and most altcoins are deep in red.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

What Elon Musk’s investment could mean for Twitter’s crypto plansOne hypothesis would be that this will further Twitter’s exploration of more crypto and blockchain features, despite Musk‘s negative reaction when Twitter integrated NFTs. RubyPlayNetwork is a rewards-based ecosystem that provide loyalty rewards to users as RUBYs BSC cryptogaming p2egaming P2E Edit buttons. Integration into this app ^Cool
Source: Cointelegraph - 🏆 562. / 51 Read more »