Part 2/5:
This core insight - the ability to transact value without trusting intermediaries - has since blossomed into a $2 trillion crypto ecosystem, with a wide range of applications beyond just digital currencies. Garg explains how crypto has evolved from a store of value to a computational infrastructure, enabling the creation of decentralized applications and smart contracts that can automate various financial and legal processes.
The Regulatory Challenges
However, the rise of crypto has not been without its challenges, particularly when it comes to regulation. Garg argues that the United States has been slow to provide clear regulatory guidance, leading to a "regulation by enforcement" approach that has created uncertainty for crypto companies and users.
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