As Crypto Tanks, Tech Veterans Question Blockchain’s Promise of Economic Salvation
— Black, Cleve mesidor, Notion “, Concerns, Leads, Reality, Way .”, Weve, Losses, Nelson — 1 min read
Black and Latino innovators and investors lead adoption in the space, says Cleve Mesidor. She says she believes that the concerns about predation are premised on a false assumption. Alondra Nelson, who leads the White House’s Office of Science and Technology Policy, suggested that crypto might be no different. She has the same concerns about conflicts of interest and misaligned incentives in crypto as apply in traditional finance, but there are fewer regulations to constrain the new industry's players. Ms. Nelson, a Black woman, said that the industry's history of predation cannot be ignored, agreed that it might take advantage of those who can least withstand the losses or take on that risk.“That’�s going Source