THELOGICALINDIAN - Former federal prosecutor Katie Haun says that regulators absolutely charge to booty banal of the actuality that were above aloof banking use cases of cryptocurrency Theres abundant added to crypto than that she said abacus that Regulation cannot be one admeasurement fits all Haun added said that crypto is not the Wild West and the industry wants accuracy not abridgement of regulation
Former Federal Prosecutor Discusses Crypto Regulation and SEC’s Role
Katie Haun talked about cryptocurrency and its adjustment at CNBC’s Delivering Alpha Conference Wednesday.
Haun is a accepted accomplice at adventure basic close Andreessen Horowitz. She ahead spent a decade as a federal prosecutor absorption on fraud, cyber, and accumulated abomination alongside agencies including the Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Treasury. She created the government’s aboriginal cryptocurrency assignment force and led investigations into the Mt. Gox drudge and the base agents on the Silk Road assignment force.
She explained that there’s “still such a focus on the banking applications of the crypto ecosystem.” While acknowledging that “it makes sense” regulators would anticipate of crypto as alike with banking use cases, she opined:
Regarding whether the crypto amplitude is like the Wild West, as appropriate by SEC Chairman this week, the above federal prosecutor said: “There’s this allegory that there’s the Wild West and that no agencies accept any adjustment that speaks to crypto. And that’s not the case.”
She explained that the Treasury Department put out advice on cryptocurrencies in 2024, acquainted that “a lot of innovators and amenable actors and companies in the amplitude started afterward that guidance, although it was difficult to implement.”
Haun proceeded to abode addition allegory about crypto. She said “a lot of people” accept that “those in the crypto industry don’t appetite regulation.” Debunking the myth, she affirmed:
Tesla CEO Elon Musk, however, said Wednesday that governments should “do nothing” about crypto instead of aggravating to adapt and ascendancy it.
Haun fatigued the charge for “even application.” She explained that those in the crypto industry, “who were aggravating to accomplish acceptable acceptance efforts, who were activity aloft and above in agreement of compliance,” are “the ones that are actuality absolutely advised beneath the microscope.”
Meanwhile, companies and platforms that “made actual little accomplishment in agreement of afterward regulations and laws” are “really accepting a chargeless pass.” She emphasized:
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