Why It Matters Whether the CFTC Versus the SEC Regulates Crypto
Summary
The blockchain industry misunderstands regulation, particularly in defining tokens. Tokens are dynamic and can have multiple functions, making it challenging for regulatory systems to account for them. The current regulatory structure assumes static items, which doesn't work for tokens. Trying to fit tokens into old frameworks provides limited protection and hinders innovation. With advancing technologies, a better regulatory approach is needed.
