Vitalik Buterin Addresses US Crypto Regulations as Anarcho-Tyranny: Report

full version at coinedition

Ethereum co-founder Vitalik Buterin expresses frustration with the US crypto regulations.
Buterin addresses the US regulatory framework as an anarcho-tyranny.
A good-faith engagement from both regulators and industry is needed to tackle the situation.

Vitalik Buterin, the co-founder of Ethereum, has recently expressed dissatisfaction with the US crypto regulatory framework, calling it an “anarcho-tyranny.” He advocated for a “good faith engagement” from both regulators and industry to tackle the situation.

Colin Wu, a Chinese crypto journalist, shed light on Buterin’s strong frustration with the regulatory system on the Wu Blockchain page. According to Wu’s post, Buterin criticized the US classification of securities. He reportedly added that the “existing system encourages useless things and vague potential returns.”

Vitalik criticized the U.S. definition and regulation of cryptocurrency as securities, saying that the existing system encourages useless things and vague potential returns. If promised returns and rights are securities, he hopes to see a shift to the opposite sit…