The American television host – Jim Cramer – believes that cryptocurrencies need more regulation or otherwise the market could collapse. Additionally, he praised Ethereum as the best-performing digital asset.
Regulation Could Prevent The Market from Falling apart
In an interview for TheStreet, Jim Cramer revealed that he is a huge proponent of cryptocurrency regulations. In his opinion, setting the right rules in the industry would be beneficial for the entire market as they would preserve its stability:
“If you have more regulation, all the exchanges would be like banks…of course no one wants to be like banks…but we need some sort of regulation because I have the feeling crypto will collapse if we are not careful.”
Mad Money’s host pointed out that proper legislation is essential for Tether as well. He compared the stablecoin to “some kind of exchange” and urged its management to explain the core of the operations and what they own. He reminded that Tether is no longe
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