Regulation is still a contentious subject that splits the crypto community down the middle. But after all the abuses witnessed to date, it’s hard to swallow the argument that the industry needs no regulating at all. That it will stifle innovation and kill off the beautiful utopia created by… hacks and scams and investors getting duped out of money.
Diehard libertarians aside, most people agree that some kind of regulation–the right regulation–is necessary. Businesses, crypto or otherwise, can’t survive and prosper in an environment of uncertainty. They can’t attract investors if they’re not sure that what they’re doing is legal. And they can’t keep working on their innovative protocols if they’re afraid they might get shut down from one day to the next.