Synthetix Founder: US Regulators Are Acting in Bad Faith Towards Crypto
Kain Warwick, the founder of Synthetix (SNX), believes that US financial regulators are no longer operating in good faith when it comes to overseeing the cryptocurrency sector. In an interview on Bankless, Warwick expressed surprise at the level of adversarial attacks on crypto from regulatory bodies such as the SEC and CFTC, as well as lawmakers in Congress.
Warwick feels that regulators are engaging in a clear attack on the crypto industry and its goals. He states that it is unfortunate that crypto has become a partisan issue in the US. However, he also asserts that if there is one industry capable of winning an adversarial battle, it is crypto.
Crypto Will Make the World a Better Place
In Warwick’s view, it is unequivocal that crypto is a transformative technology that will bring positive change to the world.
Hot Take: US Regulators Face Off Against Crypto Industry
The founder of Synthetix, Kain Warwick, believes that US regulators are no longer acting in good faith when it comes to overseeing the cryptocurrency sector. He sees their actions as a clear attack on the industry and its goals. While crypto has become a partisan issue in the US, Warwick asserts that the industry has been around longer and will not back down easily. He firmly believes that crypto is a technology that will make the world a better place.
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