Crypto traders are calling for more regulatory oversight on a market that has traditionally been sparsely impacted by regulation. According to these stakeholders, “bad actors” need to be eliminated from the industry. By so doing, they believe that cryptocurrencies will become legitimized, thus attracting significant interest from institutional investors.
Regulations Will Sanitize the Market
Ran Neu-Ner, the CEO of OnChain Capital, believes clearly defined crypto laws will sanitize the market. According to him, such a move opens up the industry to an influx of new money from mainstream investors like hedge funds and family offices. Speaking to CBNC, Neu-Ner stated that there could not be robust regulations without significant crackdowns on shady business practices in the market.
Commenting on the matter, the OnChain CEO said:
I hope that they can catch the people [responsible for the spoofing and wash trading] because we have to weed out the bad actors. If we have bad actors, it’s going to create a lack of trust in this asset class. If we want to make this a real asset class, with real people, then let’s weed out the bad actors. But the first step is, let’s …
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