Cryptocurrencies, Vitalik Buterin criticizes US regulatory framework, calls for more transparency

Vitalik Buterin, co-founder of Ethereum (ETH), has expressed strong criticism of the current regulatory framework for cryptocurrencies in the U.S. According to Buterin, the system unfairly discriminates against cryptocurrencies by classifying them as securities, while other assets with “unclear potential” can operate without regulation.

Who is

Vitalik Buterin is a Canadian-Russian programmer and writer, best known as the co-founder of Ethereumleading blockchain platform. Born on January 31, 1994 in Kolomna, Russia, Buterin moved to Canada as a young man. He co-founded Bitcoin A 2011 magazine that helped spread awareness about cryptocurrencies. Ethereum, launched in 2015, introduced the concept smart contractsenabling the development of decentralized applications (dApps). Buterin is considered one of the leading visionaries in the cryptocurrency and blockchain industry.

Buterin’s concerns

Buterin answered questions about the Ethereum network regarding the regulation of the cryptocurrency sector. He noted how the current system favors assets with unclear promises of future profits over assets with well-defined and transparent financial expectations. Buterin called this regulatory contradiction “anarcho-tyranny.” According to him, such a structure negatively incentivizes the industry, hindering innovation and transparency.

Reform proposal

Buterin proposes a change in legislative approach which promotes transparency and long-term value in token issuance. Suggests that issuing tokens without a clear, long-term plan to maintain or increase their economic value should be considered a riskier investment.

Buterin said: “I would rather see a situation where issuing a token without providing a clear long-term story about why it will maintain or increase its economic value is the riskiest move, and if you provide a long-term story and follow basic best practices, then you are safe.”

Cooperation between regulators and the cryptocurrency industry

To achieve this transformation, Buterin emphasizes, the need for true cooperation and honest interactions between regulators and the cryptocurrency industry. Industry analysts say Buterin’s statements underscore the need for a more balanced regulatory approach that rewards transparency and long-term planning.

The Role of the SEC and the Future of Regulation

A good starting point, according to Buterin, would be to approve spot Ethereum ETFa trend that could set a precedent for other assets. SECTION The decision to change the previous position indicates that the environment is changing in favor of cryptocurrencies.

Future perspectives

Vitalik Buterin’s Criticism of US Cryptocurrency Regulations and his reform proposals emphasize the importance of a regulatory framework that encourages innovation and transparency. With his vision, Buterin calls for legislative changes that can make the cryptocurrency industry more secure and sustainable in the long term.