Raoul Pal Sees Light At The End Of The Tunnel For Future Crypto Regulation

According to Raoul Pal, a crypto market strategist, regulators are beginning to understand the value of crypto, which could be beneficial for the future of the crypto industry.

Pal said in a recent interview with The Defiant a channel focused on decentralized finance, that regulators are have trouble to apply traditional securities laws to the crypto industry.

“The traditional system is struggling to figure out how to fit this in. We’ve just seen that with a Bitcoin ETF. They’re trying to fit it into an existing framework that doesn’t work, so classic negotiating tactics would be to start with the hardest possible line first, which is everybody’s going to prison, you’re all terrible people, [and] this is all illegal.

Once the regulators understand the value and how much is really at stake in crypto, and the fact that the old system does not work for crypto, the Real Vision CEO says that specifically designed laws to oversee crypto could become reality.

“The reality is, I think they’ve learned pretty quickly that there’s a massive amount of money behind this and a lot of young people who have a lot of votes, so what’s going to happen? I think somewhere within this is a grand compromise, and that’s what has to happen, and it won’t be the securities laws. It will be some new digital asset laws.”

He points out that Singapore is already making progress with its crypto regulation, but it might take some more time for other countries such as the United States to make similar progress.

“I think in the end there’s going to be a lot of bluster, and it’s negotiating tactics because everybody wants to get their side of the line, and there’ll be a grand compromise reached probably within, I guess, three years. I don’t think it’s going to be quick.”