The Government Shouldn’t Keep Crypto in a Digital Fort Knox

For more than a decade, most federal officials have viewed crypto skeptically at best. As a result, many in the crypto industry still badly need a clear-cut regulatory framework. The legislative process has been painfully slow, leaving many potential investors and users to languish and stay on the sidelines. Worse, regulators have mostly used their discretion to discourage innovation with crypto. The banking agencies have basically frozen crypto out of the banking sector.