Messari CEO Ryan Selkis spoke about the bear market, DeFi, and the SEC at Mainnet 2022, stating that the ‘bear market is good’ for cleaning the house.
Selkis, who has experience in the crypto industry starting in 2013, has seen improvements made to each bear market. Because each company is forced to go out of business. and make room for the company to survive. By these cyclical processes It is close to the regulatory environment that has developed over time.
“Bear markets are good for getting the right people in,” Selkis said.
Selkis spoke with CFTC Commissioner Caroline Pham, where the two discussed how regulation can help the crypto industry as clear guidelines have been developed for companies and the jurisdiction between the CFTC and the Commission has been clarified. Securities and Exchange
Selkis also spoke with Sanjeev Bhasker, who works with the US Department of Justice’s Digital Currency Initiative. As a US Cryptocurrency Consultant It discusses the digital privacy associated with the use of cryptocurrencies.
Selkis believes there will always be regulatory conflicts. As a developer “expands” what is possible in the crypto space, he says, “things fall apart and people get into trouble – that has been the nature of crypto since day one.”
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