Thats quite alarming. I really think that projects need to get the governance together. Election of boards and CEOs and securing actual business people to lead them and people with experience.
I think this will help drive both community confidence and provide some good policy opportunities.
The SEC and for us the ATO is attempting to develop policy but it is failing as it is focused mainly on Bitcoin and Ethereum operations which don't fit other areas.
Obviously that's where the cash is at the moment but it provides red tape to the rest of us.
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