We, two markets regulators—one who served under President Obama and the other under President Trump—believe that government action should rest not on one view of the future or another, but on the hard-earned lessons of the past. We also know that a search for a comprehensive plan carries significant “Waiting for Godot” risk. The fact is billions of dollars a day in transactions continue to take place, while fraud and theft—in forms as old as the bazaar and as young as a computer hack—remain common. In our experience, immediate action is best pursued incrementally, taking complementary steps that are free from challenge, both on authority and principle.
We have three recommendations for U.S. regulators:
Source: How to Start Regulating the Crypto Markets—Immediately – WSJ
