BlockFi Crackdown Shows the U.S. Is Getting Crypto Regulation Wrong
July 27, 2021 at 14:32 PM EDT
This is what happens when government fails to do its job: The crypto company BlockFi was slapped with three cease-and-desist orders in one week for offering interest on crypto deposits. What BlockFi does - and what many other crypto companies do - is no different than what banks have been doing for decades. But crypto lacks much-needed regulation, which put BlockFi on the wrong side of the law. The sad part is, it didn't have to be this way... Read more... Tags: cryptocurrencies The post BlockFi Crackdown Shows the U.S. Is Getting Crypto Regulation Wrong appeared first on Money Morning - We Make Investing Profitable .