Hoskinson pitches software-enabled crypto self-regulation to Congress

[newshunter]

Hoskinson pitches software-enabled crypto self-regulation to Congress

Hoskinson feels regulations for the crypto industry should be defined better, but that compliance should come from the industry itself, not from regulatory authorities.

Source: Hoskinson pitches software-enabled crypto self-regulation to Congress

Would appreciate your opinion about this

[Fenix]

Well, in general, this is a good idea and its implementation can be very effective in the field of regulating the cryptocurrency market. After all, the state regulation of the cryptocurrency itself will still happen, but in this case it will be more acceptable. Hoskinson proposes that the government set the boundaries of regulation, and then crypto enthusiasts can write software to help implement this. This is much better than the rigid manual regulation of the cryptocurrency market by government officials, where there is bound to be a lot of abuse.