David Schwed, COO of blockchain cybersecurity firm Halborn, suggests that crypto cybersecurity regulation should have “vague and ambiguous” guidelines, allowing self-regulation and growth within the industry. Flexible legislation accommodates rapid tech changes while supporting innovation and mainstream adoption, with focus on maintaining security and risk management.
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Wall Street Giants Back EDX Markets: A New Era for Crypto Exchanges and Regulations
The newly launched cryptocurrency exchange, EDX Markets, backed by Wall Street giants Charles Schwab, Citadel Securities, and Fidelity Digital Assets, aims to fuse traditional finance with cryptocurrency while emphasizing compliance. The venture represents a significant milestone in addressing regulatory concerns and encouraging adoption within the traditional financial industry.
SEC Lawsuit’s Impact on Crypto: Driving Talent Away or Policing the Industry?
The recent SEC lawsuit against Binance and Coinbase has sparked debate in the crypto community, with some criticizing the regulatory body’s approach as “unacceptable” and “lazy.” Concerns include driving crypto companies away from the US, uncertainty in rules and guidance, and potential weakening of consumer confidence in cryptocurrencies. Efforts are ongoing to develop effective regulations.