FTX’s SBF Outlines Key Steps to Move the Crypto Industry Forward into 2022

sam fried bloomberg KDlKpI

The CEO of FTX – Sam Bankman-Fried (SBF) – came out with a long Twitter thread to outline some of the hurdles in front of the cryptocurrency industry and how to potentially handle them in the following years.
Before diving into some of the challenges, SBF outlined what the industry has already achieved. Namely, these include a solid userbase, smart contracts, numerous potential use cases, the beginning of scaling solutions, as well as “an enormous amount of attention.”
Yet, there are quite a lot of hurdles to overcome as well.
The Elephant in the Room
SBF believes that the most obvious thing that’s still “missing” from the crypto market is regulation.
There has been a lot of tension between industry and regulators, and both sides have, in many cases, left feeling frustrated.
One of the things that make it hard for the industry to move forward while also limiting institutional involvement is the lack of a clear process for token issuance, regulation on platform registratio

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