US Regulators Need to Move Faster on Crypto, Consensus Panelists Say

Investors in the blockchain space have a message for U.S. regulators: clarity is needed.

During CoinDesk's Consensus 2018 conference on Monday, this idea was put forward by Future/Perfect Ventures founder and managing partner Jalak Jobanputra, ARK Invest CEO and chief investment officer Catherine Wood and ConsenSys founding managing partner Kavita Gupta.

"The faster the SEC moves, the faster it will be for businesses to stay in the United States," Gupta said.

Wood indicated that a lack of regulation was constraining would-be investment opportunities.

"We're going to see regulation mainly by prosecution."

The panelists also discussed their thoughts on blockchain investment opportunities.

"Blockchain technology can be applied to create more efficiencies in the developed world as well."

"Almost everything that we're touching, blockchain will as well," she said.

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