Bitwise CIO: Under the leadership of David Sacks, the new cryptocurrency regulations will significantly reduce fraud and misconduct within the industry
Bitwise Chief Investment Officer Matt Hougan stated in a post on X that with the advancement of reasonable regulatory policies by David Sacks, the "czar" of AI and cryptocurrency appointed by Trump, fraudulent and unethical behaviors in the crypto industry will significantly decrease over the next four years. Hougan believes that previous law enforcement-oriented regulatory methods have actually increased investor risk.
Previously, Sacks stated that the digital asset working group will be committed to formulating market structure norms, stablecoin regulatory frameworks, and evaluating national digital asset reserves.
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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