The Wolf Of All Streets ByBit Hacked. Chat With @KasuFinance | Crypto Town Hall
Feb 21, 2025
John Deaton, a renowned lawyer advocating for the crypto industry, discusses regulatory hurdles and the urgent need for consumer protection in a rapidly evolving landscape. Luke Lyme, co-founder of Kasu Finance, sheds light on their innovative blockchain-based lending platform aimed at democratizing financial services. They delve into the shocking $1.5 billion hack of Bybit, the implications of SEC actions towards Coinbase, and essential strategies for navigating the complex world of cryptocurrency regulation.
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SEC vs. Coinbase Dropped
- The SEC dropping charges against Coinbase is a major win for the crypto industry.
- This signals a potential shift away from the "regulation by enforcement" era.
Need for Legislation Remains
- Despite the positive news, legislative clarity is still needed to define market structure for crypto assets.
- Regulators will likely continue defining their roles, focusing on fraud.
New Rules for Crypto
- First principles thinking is now needed to write effective new laws for crypto, considering token types and claims.
- Different rules and disclosures may be required for different types of tokens.