@xuanling11 16 October 2021 more from that month

Crypto Regulation: What Regulations Anyway

Coinbase warns US risks lagging behind over failure to regulate crypto. But what regulations that Coinbase wants from the government? **Why regulate crypto?** The idea of regulations is to make the crypto market a fair free market for safety anticipations for all users. **The Crypto market is the so fat ideal market in the human history** The crypto market has no third party and it operates nearly decentralized. It opens to all people who equally anticipate and not one may manipulate the market at all. **Crypto whales** Whales influence the market but they do not manipulate the market entirely. They can make market trends change the direction with their limited power but the market still functions as unbiased. **Crypto scammers** There are scammers in the market that trick people into and take their money away. Regulations can use to prevent such events happen. **Regulate crypto is unnecessary** It is difficult to regulate crypto. If you regulate too harshly, it prevents crypto growth. If you regulate too little, there is no need for regulations. **The regulation should focus to prevent scammers** If there are truly regulations from the government, they should protect users and punish scammers. **There will have no ideal regulations** All ideas above may not be close to coming true. Regulations are misused as a tool to prevent competition and suppress financial freedom after all. **Crypto will exist with or without regulations** Despite regulations, crypto will continue evolving and working to become a better solution to the money system. **In conclusion** Regulations are unnecessary unless they can protect users. However, they may use to suppress the growth of the crypto market and push competition away.