I think they are going to have to work through issues, but I think they have to do it quickly. Look, government has often lagged behind changes in the market, always credit default swaps, electronic trading. Government was 9, 10 years in making rules that governed what the market had already done. But this is an extraordinarily long period of time. 2009, crypto takes off, we still don't have the rules in place. So called Clarity act, which is aptly named, which would provide clarity. (11:27–11:36)
CLAIM
Asserts that government took 9-10 years to make rules for market changes.
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