V God US Regulation is Anarchy Kind Projects and Developers in dire straits

Vitalik Buterin, co-founder of Ethereum, responded to community inquiries about regulatory directions on Warpcast, emphasizing that the current regulatory state in the United States amounts to “anarchy.” The Securities and Exchange Commission (SEC) recently accused MetaMask of violating federal securities laws with its swap and staking products, while its parent company Consensys has operated as an unregistered broker since 2020, allegedly conducting unregistered securities issuance and sales through MetaMask. Against this backdrop, Buterin criticized current regulatory efforts for unfairly squeezing well-intentioned cryptocurrency developers. He argued that existing policies fail to distinguish valuable innovations from potential fraudulent activities, resulting in widespread industry disruption. Buterin contended that overly stringent regulations make it difficult for honest and innovative developers to operate within legal frameworks, dampening enthusiasm and challenging industry growth. He advocated for clearer and more reasonable policies to encourage innovation and technological advancement while effectively combating malicious behavior. Ultimately, Buterin expressed hope for a regulatory environment where tokens lacking clear long-term plans and economic value propositions are recognized as riskier, while those offering compelling long-term value stories and adhering to fundamental best practices are deemed legitimate and secure. He stressed that achieving this requires sincere cooperation between regulatory bodies and the cryptocurrency industry to formulate fair regulatory policies.