Republican Representative Austin Scott from Georgia posed that neither the SEC nor the CFTC have the manpower to oversee the thousands of cryptocurrencies on the market, saying “it’s not possible to regulate all these currencies.”
Hoskinson suggested that the industry could create a “self-certification system” that could automatically monitor compliance until an anomaly is encountered, at which point a financial authority would review it.
“It’s a public-private partnership. What needs to be done is to establish those boundaries, then what we can do as innovators is write software to help make that happen.” - IOHK_Charles
I'd like to know how much usdt he earns for such work
Communism 101?🙃
That’s all great, but if your project allows founders to manually hold custody while they skim funds for months into personal accounts or negotiate shady deals on the side with off the books capital, then it’s just as bad as the banks.
Froginutoken 🐸X100🐸X1000🐸
✅✅✅
hosky
Self regulation only works when it is both the short and medium term interests of the regulated. And even then it usually fails.
Fantasyland. He should know better for DARPA time; game theory won't work out.
Only one Bitcoin
IOHK_Charles 🤡
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