Crypto Companies Must Stop Poking The Regulators In The Eye With A Stick

The financial services industry in the U.S. is one of the most highly regulated industries in the world. There is a complex and overlapping mixture of regulators at both the state and federal levels, and banks and other financial entities shoulder a considerable burden to constantly remain up to date and in compliance with the rules. Not everyone follows the rulebooks, however.

Despite the numerous rules and regulatory guidance, there are some within the cryptocurrency industry who decry a lack of regulatory clarity. In general, that phrase, albeit concise, does not accurately represent the situation. Far more often the reality is that answers are clear, but the guidance is not what they want to hear. Not liking the answer is not the same as a lack of clarity.