Some might say approving an ETF only further legitimizes an industry that we should be trying to contain. But the traditional approach to financial market regulation is to refrain from such judgments, and instead to require transparency and integrity in markets and let investors make their own decisions.
So, if it’s unlikely that Congress will act to improve crypto regulation, let’s create market incentives for better self-regulation. This type of conditional approval would be a way to increase the industry’s transparency, integrity and investor protection, not just its mass appeal.
‘Enforcement 40’ for 2020
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