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