Vitalik Buterin criticizes U.S. for promoting ‘useless’ projects
Share link:In this post: Vitalik Buterin criticizes U.S. crypto regulations for promoting vague and useless projects. Bank of America survey shows younger generations prefer cryptocurrencies over traditional stocks. Vitalik calls for regulations that ensure transparency and long-term value in the crypto industry.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend indep
Vitalik Buterin, co-founder of Ethereum, has openly criticized the U.S. for its handling of cryptocurrency regulation. He believes the current system encourages the development of useless projects and vague promises of returns.
Vitalik argues that if returns and rights are classified as securities, the focus should shift to creating tokens that maintain or increase in economic value. This change, he emphasizes, requires honest participation from both regulators and the industry.
“I would much rather see us move to the opposite situation, where issuing a token WITHOUT giving a clear long-term story for why it will maintain or increase in economic value is the riskier thing, and if you DO give such a long-term story and follow basic best practices then you’re safe.”
Vitalik Buterin
In a recent post on Warpcast, Jason, a member of the Ethereum Foundation, revisited a tweet from 2022 during the SBF frontend regulation debate. Jason expressed that regulations could help reduce the number of grifters and opportunists in the industry.
He suggested that such regulations would make the crypto space safer. He also wished for a feature that shows the tokenomics breakdown of a coin before swapping, with links to Etherscan displaying how top holders obtained their coins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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