2018-6-21 01:05 |
Sympathies aside, he argued that regulation is important to protect investors – but the government should not discourage potential investors or developers from entering the market through burdensome laws or regulations.
Mulvaney explained:
“We knew at an early point in bitcoin that as with any developing financial technology we needed to find that sweet spot … if Mt.
And if we over-regulate and discourage people from entering the marketplace, that has bad consequences too.”
In other words, Mulvaney said, “we’re looking for that Goldilocks [path] in the middle.”
What Mulvaney is trying to accomplish now, he argued, is ensuring that the application of an existing law doesn’t lead to unintended consequences.
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