Part 4/7:
Regarding the regulatory environment surrounding digital assets, Donalds acknowledged a pressing need for clarity. He pointed out that current regulations may not adequately address the unique nature of cryptocurrencies compared to traditional commodities. “We need to stop living in the past when it comes to our regulatory systems,” he remarked, stressing the importance of adapting to the future.
He mentioned that while the Commodity Futures Trading Commission (CFTC) is likely the appropriate body for regulating Bitcoin, the complexities of digital assets necessitate a reevaluation of regulatory frameworks.