To regulate or not to regulate just CEX ?

U.S. Senator Elizabeth Warren has warned that the U.S. should regulate cryptocurrency in order to prevent it from crippling the economy. However, some people have suggested that instead of regulating the entire cryptocurrency industry, the U.S. should only regulate centralized exchanges (CEX) and leave decentralized crypto networks alone.

There are pros and cons to both approaches. On the one hand, regulating the entire cryptocurrency industry could help to prevent fraud and other illegal activities, and could also provide greater clarity and stability for the market. However, this approach could also stifle innovation and hinder the growth of the industry.

On the other hand, regulating only CEXs could help to protect consumers and prevent illegal activities without hindering the development of decentralized crypto networks. However, this approach could also leave some areas of the market unregulated, potentially creating risks for investors and users.

Overall, the decision about how to regulate the cryptocurrency industry is complex and will require careful consideration of the potential pros and cons of different approaches..

I prefer just regulating CEX and leaving everything else the wild Wild West