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SEC’s “Crypto Mom” Speaks: Lack of Laws May Have Benefited Industry

“Peirce even went so far as to suggest that in some respects, the industry may already be facing over-regulation” writes Rachel Mcintosh for However, if you comply with the spirit of the law, but not the letter of the law, you just get a letter telling you to fix it in most cases.”. Many companies around the world have called for their governments to create more regulations, thus creating a sort of “path to legitimization” as cryptocurrency itself makes the transition from “magic internet money” to a legitimate transactional tool and investment.

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