Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators

A trio of speakers in attendance at Industry Day, May 18,

Citing uneven Securities and Exchange Commission oversight, Khattak said, “If you’re going to market with a partner and they might be hit with the Wells notice, for example, that creates a lot of reputational risk for a Web2 company.”

While all three panelists were seemingly in agreement that regulatory issues were an important concern for the cryptocurrency space, none of them appeared to agree with the premise of the discussion.

When asked by moderator Zell how the industry could “fight back” in Washington, Syracuse immediately responded, “I don’t think it’s a fight. I don’t think it has to be antagonistic.” He continued that “even couching it in those rhetorical terms is dangerous at the end of the day.” Khattak, in her final remarks, also added it was her belief that the two most important ways to move forward with regulators are through education and collaboration.

Magazine: Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy