{"id":343874,"date":"2021-09-24T21:53:34","date_gmt":"2021-09-24T18:53:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-crypto-regulation-is-a-double-edged-sword\/"},"modified":"2021-09-24T21:53:34","modified_gmt":"2021-09-24T18:53:34","slug":"why-crypto-regulation-is-a-double-edged-sword","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-crypto-regulation-is-a-double-edged-sword\/","title":{"rendered":"#Why crypto regulation is a double-edged sword"},"content":{"rendered":"<p>&#8220;<strong>#Why crypto regulation is a double-edged sword<\/strong>&#8221;<\/p>\n<div><em><span style=\"font-weight: 400;\">Did you know Hard Fork is <\/span><span style=\"font-weight: 400;\">taking the stage on Sept 30 and Oct 1?<\/span><span style=\"font-weight: 400;\"> Together with an amazing line-up of experts, we will explore the future of crypto during TNW Conference 2021. <\/span><span style=\"font-weight: 400;\">Secure your ticket now!<\/span><\/em><\/p>\n<p>Cryptocurrency regulation has become inevitable, and many people in the industry say they would welcome clearer rules.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/wkot1zfukh?videoFoam=true&amp;autoPlay=true\" title=\"\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen=\"\" msallowfullscreen=\"\" width=\"100%\" height=\"100%\"><\/iframe><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.coinbase.com\/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why-a3a1b6507009\">Proponents argue<\/a> that regulatory clarity will legitimize the sector, reduce financial risks, and support product development. Uncertainty, meanwhile, would stall market growth, stifle technical innovation, and scare off potential investors.<\/p>\n<p>Naturally, they want regulation on their own terms. Trading platform Coinbase, for instance, is currently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/techcrunch.com\/2021\/09\/22\/coinbase-to-propose-a-federal-regulatory-framework-for-crypto-to-u-s-officials-within-the-next-month\/\">preparing a draft federal framework<\/a> for consideration by lawmakers.<\/p>\n<p>It\u2019s not unusual for regulators to request input from the tech sector. But that doesn\u2019t mean they will create rules that the industry desires.<\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cIt\u2019s the classic cliche of a double-edged sword,\u201d Lane Kasselman, the Chief Business Officer of crypto company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockchain.com\/\">Blockchain.com<\/a>, tells Hard Fork.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cWe\u2019ll end up with really clear regulation in the US, UK, and EU that gives us a little bit of what the crypto industry wants, and probably creates some frameworks that we don\u2019t really love and have to innovate around.\u201d <\/span><\/p>\n<p><span><span class=\"s1\">Kasselman <\/span>is nonetheless among those calling for permanent regulation. While many crypto firms historically preferred to stay below the radar, he says, the more mature ones now need new frameworks to grow their businesses.<\/span><\/p>\n<p>He highlights two other forces that are accelerating the drive for regulation: growing awareness of potential consumer harms, and regulators recognizing that the industry is maturing.<\/p>\n<p><span><span class=\"s1\">Kasselman saw a similar evolution while he was working <\/span>on regulatory campaigns and frameworks at Uber:<\/span><\/p>\n<blockquote>\n<p class=\"p1\"><span class=\"s1\">Regulators tend to wait to see if an industry becomes mature enough and they actually need to take action. Government moves slowly everywhere; they wait for a certain level of maturity.<\/span><\/p>\n<\/blockquote>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1368080 js-lazy\" alt=\"Lane Kasselman, Chief Business Officer, Blockchain.com, is speaking at TNW Conference 2021.\" width=\"758\" height=\"890\" sizes=\"auto, (max-width: 758px) 100vw, 758px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18.png\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18.png 758w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18-179x210.png 179w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18-115x135.png 115w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18-230x270.png 230w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fhardfork%2F2021%2F09%2F24%2Fcryptocurrency-regulation-is-a-double-edged-sword%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Kasselman previously worked with California Governor Gavin Newsom and former US Secretary of State Hillary Clinton.\" data-title=\"Share Kasselman previously worked with California Governor Gavin Newsom and former US Secretary of State Hillary Clinton. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Kasselman previously worked with California Governor Gavin Newsom and former US Secretary of State Hillary Clinton. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>Kasselman previously worked<span class=\"s1\"> with California Governor Gavin <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>om and former US Secretary of State Hillary Clinton.<\/span><\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1368080\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18.png\" alt=\"Lane Kasselman, Chief Business Officer, Blockchain.com, is speaking at TNW Conference 2021.\" width=\"758\" height=\"890\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18.png 758w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18-179x210.png 179w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18-115x135.png 115w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Screenshot-2021-09-24-at-10.15.18-230x270.png 230w\"\/><\/noscript><\/figure>\n<p>In comparison to the EU and UK, Kassleman says regulatory progress in the US has been slow.<\/p>\n<p class=\"p1\"><span class=\"s1\">One of the reasons is that government agencies disagree about how to classify crypto. Some want to treat it as a commodity, while others argue that it\u2019s a security or a property.<\/span><\/p>\n<p>The reality is that the industry doesn\u2019t neatly fit into any individual bucket.<\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cSaying crypto is like saying banking; it means so many things,\u201d says Kasselman.<\/span><span class=\"s1\"\/><\/p>\n<p>That\u2019s not the only way in which crypto resembles traditional banking. The two are becoming <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/02\/12\/bitcoin-banks-closer-accepting-cryptocurrency-asset-class.html\">increasingly intertwined<\/a>. <span class=\"s1\">And as they become more integrated, the rush to regulate crypto will only accelerate.<\/span><\/p>\n<p><span class=\"s1\"\/><em>Lane Kasselman is speaking at<span>\u00a0<\/span>TNW Conference 2021 on September 30th and October 1st. He\u2019ll be joined by 150 other amazing experts who will share their latest insights from the world of business and tech.<\/em><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/cryptocurrency-regulation-is-a-double-edged-sword\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Why crypto regulation is a double-edged sword&#8221; Did you know Hard Fork is taking the stage on Sept 30 and Oct 1? Together with an amazing line-up of experts, we will explore the future of crypto during TNW Conference 2021. Secure your ticket now! Cryptocurrency regulation has become inevitable, and many people in the industry&#8230;<\/p>\n","protected":false},"author":1,"featured_media":343875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/hardfork?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/09\/Untitled-design-2-2.jpg&signature=5b877ac12b3c40e25abc75c3a97bc8af","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-343874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/343874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=343874"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/343874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/343875"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=343874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=343874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=343874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}