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In an recent interview with Thinking Crypto, Paolo Tasca, co-founder and chairman of the DLT Science Foundation, highlighted the challenges posed by U.S. regulatory authorities, particularly the Securities and Exchange Commission (SEC), on the expansion of the cryptocurrency market. Tasca pointed out the negative impact of the SEC's enforcement-centric approach, including legal actions against major entities like Coinbase and Ripple, and the recent Grayscale case ruling. He stressed the urgent need for a clear regulatory framework to foster industry growth and investor confidence.
Tasca observed the U.S. crypto market's unique complexity, marked by a 14-year period of neglect since Bitcoin's inception. This lack of attention, he argued, has led to a deficiency in essential regulations beneficial for investors, users, and industry innovators. Tasca expressed concerns over the SEC's approach, criticising its lack of proactive measures to address the evolving cryptocurrency space and suggesting that this could hinder market expansion. His remarks underscore the importance of transparent guidelines and regulatory certainty for the cryptocurrency industry's development.
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