The reality is that the regulators from around the world are so far behind what is taking place. They are still looking at the blockchain structure and on regulating that.
Here we are already onto DeFi, NFTs, DAOs, and Social Tokens.
How long will it take for them to catch up?
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It will be a while till everything catches up. At least from my point of view, they will always lag behind because they touch the places with the most money first.
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Many people will lag behind unless they have an open mind and will to learn something uber-cool such as crypto.
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Stuff sits in committee for a long time. Then a certain committee sends it to another committee. Not a perfect system and very slow, but we could do worse.
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That's government. Slow AF and when they do pass things they are so dumb and wasteful. I often wonder how anything ever gets done around here anymore but then drive down the road and realize it all looks the same for the last 3 years.
Governments are old, slow and wasteful and are CLEARLY moving in the wrong direction. Since when was out government suppose to control us the people, we the people have the power and it's what this great nation was founded on. I think these people in the house need a serious reality check on that and hopefully this is the wave we do it.
I love my country I seriously do, It's why I spread awareness and information as that is the core of what makes us strong.
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The Nation is good. It's The State which is "problematic" to say the least. There is a distinction between the two concepts.
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Too long.
It's almost like they are the legacy automakers chasing Tesla
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The open minded will catch up eventually, might take some time, but one thing is for sure, everyone can't catch up, some will definitely be left behind.
I think that's just the reality.
Some don't ever learn new things but stick to the old which isn't or might not be the best option.
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If crypto keeps innovating, like I believe it will, regulators will never catch up. Crypto will always be many steps ahead of them.
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