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RE: Uniswap Labs removing tokens: Good for decentralisation

in LeoFinance3 years ago

Yeah, the US regulator is trying to protect their citizens by limited them from trading crypto-assets that could be considered securities.

I just find it frustrating that they make that call instead of educating their citizens and allowing them to make the call on what they consider unsafe.

While in the past world of centralised exchanges, the removal of assets meant that there was no longer a way to trade them, this is no longer the case in the modern decentralised world.

Any US citizen with an ounce of technical knowledge can just use a different, offshore-based front-end to trade what and when they want.

Rendering the regulation completely useless!

So with that in mind, it is now over to the regulators to change tact in order to become relevant and actually do right by their citizens.

That is their job after all.

As I said above, they need to move from a model of outright banning and censorship, to facilitation and education.

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