Ava Labs President John Wu weighed in on potential regulation for cryptocurrencies, arguing that it is most important that there is 'certainty' in the near future.
Ava Labs President John Wu argues that it is most important that there is 'certainty' in the near future because from an operator’s perspective, there is so much interest in terms of human and financial capital entering the space.
"The reason why this country has been great through innovation, is because there’s entrepreneurs and there’s capital markets that work and function well," Wu told host"We do not want the capital markets for the trading of these assets offshore because there’s uncertainty of rules here." He added that "we want the developers, the engineers and the innovators in this space to be doing it onshore, not overseas, so certainty will give a lot of clarity for all of that and hopefully spur another huge leg of growth."
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