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Author Topic: Gensler Chairman of SEC calls crypto "the wild west"  (Read 154 times)
arallmuus
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August 04, 2021, 08:48:02 PM
 #21

I hope that we could one day see all the world coming together and finally figure out ONE rule/law whatever for crypto as a whole and then we can all work properly.

There is no way that this day will come. Creating the law for the crypto space means controlling crypto and that is not going to happen with its decentralized characteristic. Its going to be wild west until people figure out how to protect themselves from all those kinds of pathetic scams in form of 'investment' because the reason why all those frauds and scams keeps appearing are because alot of people are still interested in taking parts of those scammy 'investment'

I also agree that the "crypto" will be the future of financial system, but its form may or may not be like the present "cryptocurrency."

Its more like only blockchain but with less decentralized feature so the government would still control some parts of it.

R


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