Consensus Panelists Say US Regulators Need To Move Faster On Crypto

Jalak Jobanputra, Future/Perfect Ventures founder, and managing partner, in line with other blockchain investors like ARK Invest CRO, chief investment officer Catherine Wood, and ConsenSys founding managing partner Kavita Gupta, have a message for U.S. regulators saying that if something is not done sooner, innovative startups may look to friendlier shores.

“The faster the SEC moves, the faster it will be for businesses to stay in the United States,” said Gupta

Catherine Wood stated that the absence of regulation was preventing opportunities from the woul-be investment. Adding that it will be better for the blockchain community if there are more bitcoin listings and token securities in the marketplace.

“Our regulators have to get their act together really,” she said arguably.

“We’re going to see regulation mainly by the prosecution.”

Jobanputra argued that the intervention by agencies like the CFTC and the SEC will not in any way help the issues faced by the industry’s regulatory.

It’s going to be a mixture of the tech solutions as well as the rulings,” she added.

They all made comments on blockchain investment opportunities and according to Jalak, both undeveloped and developed nations stand to benefit from the technology.

“There are a number of industries that are still not fully digitized in places like the United States,” she said. “Blockchain technology can be applied to create more efficiencies in the developed world as well.”