A chief executive of crypto exchange OKX says the anti-crypto regulations in the US are only temporary and the US digital asset sector will return to strength.
In a new interview on The Wolf of All Streets podcast, OKX President Hong Fang tells presenter Scott Melker says she doesn’t expect crypto regulation in the US to remain ambiguous forever.
“I have high hopes for that [the] The US market will continue to be a strong market for crypto. I don’t think the regulatory ambiguity will last forever, but we’ll see.”
According to Fang, the crypto industry should strive to embrace regulation — especially if the guidelines are clear and transparent.
“People have a lot of debate about whether we need regulation or not, but I really think we’re at a point where there’s no going back, and we need to embrace it. We must embrace regulations, at least clarity about the regulations, so that there is a good framework for entrepreneurs, engineers and developers to actually build for the future.”
Fang further notes that almost every other jurisdiction has clear crypto regulations. While the regulations in other regions may not be the best, she says the clarity is still better than what the US currently has.
“Every other jurisdiction has moved forward… I think for medium constraints they are at least trying to give the signal of ‘Okay, this is how we’re going to do it,’ and then you can optimize on top of that, [but] the US is still a bit slack.
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