Many say crypto is a scam. Crypto advocates tout the technology’s world-transforming potential and argue that naysayers just don’t understand. Either way, it is past time for crypto to be subjected to the same basic rules as other financial activities. If the crypto industry can succeed without stealing from investors or providing money-laundering services to terrorists and drug dealers, that’s great—but we won’t know that until the loopholes are closed and the laws are rigorously enforced.
‘Enforcement 40’ for 2020
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