Ethereum co-founder Vitalik Buterin weighed in Sunday on the regulatory debate surrounding crypto, providing his two cents on what industry rules should, and should not include. Regulation could make cryptocurrencies more appealing to mainstream financial institutions and legitimise them as an asset class. However, new rules and policies may alter the industry’s DNA, particularly in terms of principles such as censorship resistance and decentralisation. Buterin believes that preserving the latter should be prioritised. Buterin took to Twitter and said, “I don’t think we should be enthusiastically pursuing large institutional capital at full speed. Regulation that leaves the crypto space free to act internally but makes it harder for crypto projects to reach the mainstream is much less bad than regulation that intrudes on how crypto works internally.”
