In order to gain the trust of the public I think crypto needs two regulations.

Proposal 1 - Projects need to do regular financial reports.

Proposal 2 - Projects need to list material events that affect the company

Proposal 1 - Projects need to do regular financial reports

Crypto projects and companies should be FORCED to do audited financial reports just like large major companies.

These reports must be audited by large auditing firms like Deloitte, not just by internal auditors. This financial report:

• Must be filed every 6 or 3 months.
• Must be made public.

There should be an "investor" section on ALL crypto projects and companies showing the financial health of the project.

This is not to stifle crypto; this is to ensure that companies have a healthy balance sheet and cash flows. This actually won't stifle crypto at all, it is just for transparency.

Proposal 2 - Projects need to list material events that affect the company

How often do you see information come out about a project where its been released through an investigation that a company was hiding something?

Right now in crypto, it is up to people like coffeezilla and other investigators to find fraud or problems in projects.

FTX was loaning funds to Alameda. That is material information that needs to be made public.

No one knew about FTX loaning billions until all of this happened.

https://preview.redd.it/qxezhenqx93a1.png?2079&format=png&auto=webp&s=4e8e84c4031dff9f26ac02a826890b988044773d

Time wonderland was brought down by a tweet where an investigator discovered something was wrong.

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https://preview.redd.it/wq8mz2c9x93a1.png?1160&format=png&auto=webp&s=438d96a6c843d55c3649485fa0f03ad72848ece5

Do you all think this is a good or bad idea?

TLDR: Right now, crypto projects and companies can choose to release little snippets of financial information through twitter when they feel like it (or when they want to fight FUD). This is not transparent, especially when they hold hundreds of millions of investors dollars.