The New York Senate just passed a moratorium to ban carbon-based crypto mining. Is this a red flag for all cryptos?
The regulation we’re seeing now revolves around eco-friendliness. And I don’t think it impacts anything all that much. The next wave of regulation, though, is the one to watch out for. I predict that over the next 12 months, there’ll be a huge push to regulate DeFi.
The Terra (CCC:LUNA-USD) wipeout caused a lot of pain for retail investors. And when regular folks get hurt, politicians step in.
A best-case there would be loose regulation — enough to promote more widespread crypto adoption but not enough to stifle innovation.
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