Lately, the regulation of the crypto market has been at the center of all debates. For his part, Vitalik Buterin (the founder of Ethereum) shared his thoughts via a tweet. According to him, the laws and regulations that apply to crypto would undermine the inner workings of the blockchain.
Buterin is not for regulation that hinders the freedom of the crypto space
through his tweetVitalik Buterin joins the various crypto players: he wants clear and concise regulations. Indeed, according to Ethereum’s founder, strict regulation is essential to help traditional financial institutions accept cryptocurrency. But not alone! This would also legitimize cryptos as assets.
However, Buterin objects to all current regulatory proposals as they make it more difficult for the general public to access crypto. Even if they allowed the free crypto space to trade internally.
Still, the founder of Ethereum prefers these bills to regulations that undermine the inner workings of the blockchain. For him, the ideal law would allow the crypto industry to easily reach the general public without affecting the functioning of the blockchain.
Statement by Sam Bankman-Fried: Buterin expresses his opinion
Vitalik Buterin’s lengthy Twitter thread seems like a response to the controversial statement created by Sam Bankman-Fried 10 days earlier. Indeed, the founder of FTX has openly spoken in favor of regulation based on a system of block lists. A statement that earned him a lot of criticism.
As for Vitalik Buterin’s intervention, it was well received by big names in the crypto industry (including Binance CEO Changpeng Zhao and crypto investor Ryan Sean Adam).
On his Twitter feed, Vitalik didn’t just give his thoughts on crypto regulation. He also brings up another very enlightening point: the crypto ecosystem needs time to mature. The general public will gradually accept it. Number 1 Ethereum also finds the idea of “KYC on DeFi front-ends” irrelevant. And you, what would your opinion be?
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My name is Ariela and I am 31 years old. I have been working in the web writing field for 7 years now. I only discovered trading and cryptocurrency a few years ago. But it is a universe that interests me very much. And the topics covered within the platform allow me to learn more. Singer in my spare time, I also cultivate a great passion for music and reading (and animals)!