Buterin: American regulation is an anarchic tyranny! Kind-hearted project owners and developers are in dire straits

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The U.S. Securities and Exchange Commission (SEC) recently charged MetaMask’s Swap and staking products for allegedly violating federal securities laws. The parent company Consensys has been operating as an unregistered broker since 2020 Identity and engages in the issuance and sale of unregistered securities through MetaMask. At this sensitive time, Ethereum co-founder Vitalik expressed his views on US regulation.

V God is angry: US regulation is "anarchy and tyranny"

On Warpcast (a social media platform built on the Farcaster protocol), V God responded to the community's questions about the direction of regulation. He noted that existing regulatory efforts have cornered well-intentioned cryptocurrency developers. Buterin emphasized that current regulatory policies do not effectively distinguish between truly valuable innovations and potential fraud, but instead cause trouble for the entire industry.

V God believes that overly stringent regulatory measures make it difficult for many honest and innovative developers to operate within a legal framework. This not only dampens the enthusiasm for innovation, but also poses challenges to the development of the industry. He stressed that clearer and more reasonable policies should be formulated to encourage innovation and technological progress while effectively combating malicious behavior.

“The main challenge with cryptocurrency regulation, especially in the US, has always been if you make something that doesn’t work (project, protocol, product…etc.) or get people to do it for vague promises of benefits And give you money and you can get away with it. But if you try to give your clients a clear story about where the revenue comes from and promise them their rights, then you're going to get in trouble for being deemed a "security." The incentive gradient created by this "anarchic tyranny" affects the entire industry worse than either pure anarchy or pure tyranny. ”

At the end of the reply, Buterin hopes that the regulatory environment will change, making token issuances without clear long-term plans and economic value support more risky, and those that can provide clear long-term value stories and follow basic best practices The token issuance should be regarded as legal and safe. He believes that to achieve this, it requires sincere cooperation between regulators and the cryptocurrency industry to jointly formulate reasonable regulatory policies.

V God at Warpcast. Express your opinion

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