President Joe Biden signed an executive order Wednesday to develop a plan to regulate the cryptocurrency industry while still allowing for innovation. The news was cheered among many in the crypto world, who saw it as further proof that the industry would be accepted by mainstream institutions and no longer struggle with legal ambiguity. Stark, for his part, had a different perspective. “They always call for clarity,” Stark said. “Be careful what you wish for.”
Motherboard spoke to Stark about his concerns, as well as the difference between buying NFTs and trading cards on eBay, the “cult-like” hatred he receives, the growing partisanship around the issue, and the “regulatory capture” he sees taking over the legal industry.
‘Enforcement 40’ for 2020
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