There is no easy street for anybody
One core plank of the crypto bull thesis is that regulation will be lax under the Trump administration.
While that may prove true relative to Biden’s White House, crypto faithfuls shouldn’t think regulators will be pushovers and allow the market to run amok with suspect products.
“There is no easy street for anybody, and regulators aren’t easy. So just because we are pro-innovation and pro-growth does not mean that you’re going to be able to get away with breaking the law,” acting Commodity Futures Trading Commission chair Caroline Pham told Yahoo Finance at the Coinbase (COIN) Annual Summit on Thursday (watch above).
“And this is where I’m talking about not twisting the law to criminalize an asset class or a technology, but…