Industry experts have state-level supervision of the cryptocurrency industry or federal regulatory opinions

On May 2nd, at the blockchain business seminar organized by the Massachusetts Institute of Technology, three cryptocurrency experts expressed different views on the US encryption regulation. Caitlin Long, chairman of the Wyoming Blockchain Alliance, believes that digital assets are property and should therefore be regulated at the state level. Her views were: “State Control of Property Law, State Control of Commercial Law, and FBI Control of Securities Law.” In addition, she further praised Wyoming for its efforts to legally clarify these provisions applicable to cryptocurrencies. Peter Van Valkenburgh, head of research at Coin Center, disagreed. He believes that state regulation has caused inconvenience to companies and consumers. At the same time, he also said that some states are under-protected, while others are overprotective. In addition, Gary Gensler, former chairman of the Commodity Futures Trading Commission (CFTC), favors federal regulation specifically for cryptocurrency transactions.