Quote:
Originally Posted by Castle2.0
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The US govmint can regulate US CEX (centralized exchanges) like Coinbase and Kraken. They can try to regulate CEX outside of the US via banking system (control flow of USD from bank to bank.)
They cannot regulate the blockchains themselves. They operate decentralized with no central entity.
They cannot regulate DEX (decentralized exchanges) like Uniswap, Pancakeswap, Sushiswap -- there are no legacy financial monetary pipes into or out of those system to regulate. It's pure crypto, often the LP (liquidity providers) are numerous anonymous individuals. Any USD is done via USDC, USDT, or some other stablecoin, or no stablecoins are used at all. Trading pairs are pure crypto.
Regulation is good for price. It allows more people to access it.
For those who don't care to be regulated themselves, they can simply operate outside of the regulation.
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In order to be a regulator you gotta be handy with the steel if you know what I mean, earn your keep.