Friendly Reminder: Exchanges are not on our side when it comes to regulation

Exchanges are in this market for one reason only: To profit off of your assets.

We need to keep this in mind as government regulations come to the forefront of this scene. Exchange CEO's and other major crypto-offering companies are often seen as the spokespeople of our sector. They will be arguing for the best interests of their companies to keep profiting off of you, not for your benefit or the betterment of crypto itself. If exchanges lost their ability to serve as a custodian over your assets, they would not care which cryptocurrencies get listed as a security or argue for any improvements to the tax codes.

Who/what do you think should be representing us when it comes to government hearings?

It's a tricky question, as decentralized crypto is faceless and its viability comes down to each individual user. For myself, I will not see crypto as a viable alternative to fiat until small transactions are no longer considered taxable events. Tracking exchanges for groceries, gas, entertainment, etc. is a mess and takes a lot more effort than should be needed. How can we make sure our voices are heard?