Op-ed: Crypto and blockchain need a trellis, not just a weed killer, says Scaramucci
Summary
But nobody can agree about where that "somewhere" is, we argue about it for years, and Goldilocks gets on Twitter to angrily threaten to move to another country where the soup is more to her taste. Its tug-of-war with other agencies, including but not limited to the CFTC, continues despite President Bidens call for harmony in his executive order on crypto last March. But as Alison Frankel at Reuters and former SEC Office of Internet Enforcement Chief John Reed Stark both suggested earlier this year, theres probably no end in sight. The approach the U.S. federal government has taken to regulating this industry is a bit like spray coating your entire garden with Weed B Gon (not an endorsement) and then, waiting for the harvest. And thats why we need government officials to balance the narrative, helping the American public to see that its about keeping the baby as much as it is about throwing out the bathwater—whether thats making financial services inclusive and more frictionless, financing new and exciting applications of blockchain tech or simply supporting the spirit of American innovation.
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