After nearly a decade of progress since Bitcoin’s inception, regulators may be preparing for more action, given the industry’s recent growth.

 

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According to Messari CEO and founder Ryan Selkis, regulators may view crypto’s recent growth as an issue.

Selkis said on Thursday, “I’ve never done so many bullfights in crypto. But I think anyone can misjudge global regulatory risk, ”he said.

“When crypto looks like a toy, it’s not a threat. When stablecoins reach PayPal volume and become hidden, it starts to look like a weapon. ”

During the last big crypto boom in 2017, the first cryptocurrency offerings or ICOs were a big step forward. US regulators took action against a number of projects in the following years, increasing their management over the industry. The regulation also affected cryptocurrencies in various regions, including the 5th Anti-Money Laundering Directive and the European Union.

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