Bloomberg Law
Sept. 22, 2021, 5:15 PM

Matt Levine’s Money Stuff: Crypto Regulators Aren’t Sympathetic

Matt Levine

Crypto regulation

It is conventional wisdom that big incumbent businesses love regulation. The more complicated and expensive big-bank regulation is, the harder it will be for a new bank to become big. Or in social media, as Byrne Hobart put it, “Facebook wants to be regulated, as long as everyone is regulated based on a standard set by the worst things that happen on Facebook, because that’s a world where Facebook is the only company in the world with the technical capability to host a legal comments section.”

Facebook is a big incumbent but it is not all that ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.