Despite US Regulatory Hurdles, OKX President Remains Confident in Crypto’s Future
In a recent interview on The Wolf of All Streets podcast, Hong Fang, the President of OKX, shared her optimistic views on the future of cryptocurrency in the US. Despite the current anti-crypto regulations, Fang believes that the American digital asset sector will become strong again.
When asked about her thoughts on the regulatory ambiguity surrounding crypto in the US, Fang stated that she doesn’t think it will last forever. She’s very hopeful that the US market will continue to be a robust market for crypto. She also believes that the crypto industry should strive to embrace regulations, especially if the guidelines are clear and transparent.
Fang noted that almost every other jurisdiction has clear crypto regulations. While the regulations in other geographies may not be perfect, she believes that clarity is still better than what the US currently has. In her view, clear regulatory frameworks provide a proper framework for entrepreneurs, engineers, and developers to build for the future.
Overall, Fang’s positive outlook on the future of crypto in the US is encouraging. While regulatory clarity is still a work in progress, it’s reassuring to hear that industry leaders like Fang are hopeful for a more positive future for crypto in the US.
Clever Robot News Desk 9th May 2023