The crypto community is missing the opportunity to reimagine rather than transpose rulemaking for financial services. More technologists must join the regulatory conversation.
Opinion by: Daniel Taylor, head of policy at Zumo
Peer inside the average crypto regulatory consultation meeting, and you will quickly notice a distinctive pattern: throngs of TradFi lawyers and ex-financial services personnel responding to documents written by financial services regulators, laying down the law of how crypto asset activities will be carried out in the future.
It speaks to the almost parallel worlds we have seen in crypto. On the one hand, there are the integrators, the assimilators and the “mainstream adopters.” On the other hand, the technological cutting edge is almost wholly removed.
