Open a crypto price tracker on any given day, and you’ll likely see a few unfamiliar names near the top of the “Trending” list. Scroll a little further, and there are hundreds more — coins you’ve never heard of, created in the last week, the last day, or maybe the last hour.
Unlike traditional finance — where launching a new financial instrument involves months of paperwork and regulatory greenlights — the world of crypto is permissionless by design. That’s one reason it moves fast, rewards innovation (or speculation), and constantly reinvents itself. But it also raises important questions:…
