States, Not Congress, Will Lead Crypto Regulation, Says Legal Expert

In the short term, Loadholt said there will be “far more action around licensing” because of the need for some guardrails that can address investor concerns. He suggested that in the longer term, a majority of the industry could disappear, while those that can afford to comply with regulations are likely to keep operating. He said in the long term, the industry is likely to disappear, but those that are able to comply will likely stay on the job. In the long-term, he said: “Far more action will be around licensing, and far more action is needed to address investors' concerns’s concerns, but not everyone will be able to get on the jobs. In the longer-term the industry will Source