Rob Krugman is the chief digital officer of Broadridge.
The crypto market participants increasingly find themselves in the cross hairs of elected officials and regulators who are concerned that investors do not understand the assets they are investing in.
Nearly half of respondents said they look at the holdings of a crypto project’s management team — like the breakdown of how many tokens go to a project’s founding team versus its treasury — when making financial decisions. But still, only about 28% of investors consider network performance and only 16% look at tokenomics.
These conclusions make it more apparent than ever that crypto markets need a disclosure framework to gives investors a better sense of what they’re buying.No one would suggest that a cryptocurrency functions like a traditional security. And so, a disclosure regime for crypto likely needs to account for crypto-native metrics like network performance and tokenomics and address the key differences between traditional and crypto asset classes.
What exactly would be included in a fit-for-purpose disclosure framework? To answer that question, regulators and the industry can start by translating existing disclosure requirements into crypto-appropriate versions. , tracking how and where current disclosure rules could apply to crypto and identifying information that would likely provide investors with the best picture of a project’s risks-and-rewards.
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