Crypto innovation and regulation can mesh, a quartet of high-profile executives agreed during a spirited panel discussion on potential changes to crypto markets at Consensus 2023.
"There's no reason why innovation and regulation have to be mutually exclusive" Zuehlke said, adding that the industry had already made significant progress in a short period. The panelists noted industry anxieties about regulation's potential dampening impact, but said that the relationship between crypto firms and regulatory agencies must not be contentious.
The Kraken exchange's Hirsch highlighted the need to protect client assets by creating environments where customers “can trust the venues” where they engage in digital asset transactions. The group also emphasized the need for separating assets but that notable crypto failures of 2022 were related to fraud more-so that structure.
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