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The prevailing belief among some critics is that regulatory bodies are adopting a "regulation by enforcement" style, particularly under Gary Gensler's administration. However, voices within the industry suggest that rather than swinging to a deregulated free-for-all, we may find ourselves evolving into a regulatory framework that incorporates strict measures against market manipulation and fraud.
It has been emphasized that we will continue to see Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements implemented across the crypto industry. However, there is emerging optimism regarding regulatory clarity that would allow American firms to operate within a framework that benefits them rather than pushes them out of the country, as seen in the past.