The crypto sector is still a mess. A crackdown would do it good

Full disclosure requirements could come from the legislature or a crypto industry-funded overseer. (Image: Bloomberg)

Sun, 07 May 2023

By the Bloomberg Opinion editorsUS regulators appear to be on a collision course with crypto. Sometime soon, many issuers and intermediaries could be forced out of business, or at least out of the country.It could be the best thing that ever happened to the industry.There’s plenty to dislike in the crypto realm. Celebrity touts and the promise of riches have lured people into buying myriad tokens with no intrinsic value. Of more than 40,000 issued last year, an estimated one in four were outright pump-and-dump scams. Investor protect...

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