He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up.Billionaire Bill Ackman shared his thoughts on a variety of crypto-related topics, including crypto regulation, in a series of tweets Saturday.
Ackman is the CEO and portfolio manager of Pershing Square Capital Management, a registered investment adviser with the U.S. Securities and Exchange Commission . His current net worth is about $3.5 billion. Regarding cryptocurrency regulation, he said: “I am not sure we need new rules. Much of the fraud that is taking place is old-fashioned pump and dump schemes, and failures of custodians to protect customer assets.”
The executive continued: “I suspect that existing anti-fraud and other laws already govern these violations. We just need more enforcement.” Ackman opined: Regulators need more resources to police the bad actors. Unfortunately, it will likely take years for the regulators to catch up, and they may never get there. The crypto industry therefore needs to self-police and out the bad actors, or it is at risk of being shut down.
Totally agree, please see what I wrote with regards to crypto regulation, any feedback much appreciated!
Nothing will ever stop the crypto industry. There are already hundreds and thousands of nodes. Crypto is here to stay. Long live Crypto!
The beauty of the crypto world is just being new and seeing everything grow over time! We must believe in the process and be patient!
Do we need more self policy?
funny stuff, crypto need POPO to regulate? it will be in the world of CBDC, not the real crypto.
Thats all you need to knoww guysss!?....
In your dream
Mrs Alicia is a pro in the investment field. I recommend all intending investors to her. Invested $2000 and realized $14000 after 7 days. Give her a try...
Haha fud buy
Shut down 😂😂🤡
Thats nice
Best thiing Ive seen so farr_,,,
Thats nice
Thats nice
Who is going to do the shutting🤔😆🤣
shutting down crypto is fine. bitcoin isn’t “crypto”
Bitcoin can’t be shutdown.
Impossible
mooney_mic This from the guy that lost 1 $Billy from Herbalife short? 🤡🤡🤡
Risks being shut down? LOL, governments are already setting up their own digital currencies. Being shut down is practically assured regardless.
Shut down!? By who?
Guess he doesn’t understand decentralization. Good luck shutting it down
Haha shut it down what a clown
Thats nice
BNB
hows the herbalife short going?
BNB
FACT
Thankss a millonn
Thiis is a game changeer!!!
Thats nice