Part 6/8:
Christine emphasized that the new S.E.C. chair must be intimately familiar with cryptocurrencies, even as the commission also oversees traditional financial assets. She likened the requirement to a person who can “walk and chew gum at the same time,” articulating that the right regulatory framework is vital for the robust future of crypto as it evolves into a larger portion of the financial landscape.
With cryptocurrencies nearing a market cap of $3 trillion, she pointed out that we are still in the early stages, and getting regulations right now is crucial for the future of financial services and Internet infrastructure. If foundational rules are not established, she fears that the United States might miss the opportunity to lead in this transformative economic arena.