The Current US Crypto Regulatory System is Unworkable: Expert

• Austin Campbell told the US Congress that the existing crypto regulatory model is unworkable.
• Campbell thinks the unclarity within the US digital assets regulation sector is pushing crypto practitioners offshore.
• Campbell noted that most people in Congress do not understand the mechanical things they do with bills and laws.

According to Austin Campbell, founder and managing partner of Zero Knowledge Consulting, the current regulatory system for practitioners in the digital assets industry is unworkable. Campbell stated this while testifying before the U.S. Congress, for which he was later applauded by fellow crypto advocate John Deaton in an interview.

According to Campbell, also a professor at Columbia Business School, the lack of clarity within the U.S. digital assets regulation sector is working against the country. He noted that most practitioners are moving offshore and settling in regions with better-defined regulatory frameworks.

In a discussion with Deaton, Campbell argued that most people in Congress do not under…

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