DePIN needs thoughtful regulation — not lawsuits
The new SEC leadership has an opportunity to set a positive precedent for crypto regulation by providing clear guidelines for DePIN projects.
Opinion by: Kai Wawrzinek, co-founder of Impossible Cloud Network
It seemed like the punitive US Securities Exchange Commission crypto enforcement era was over, but former Chair Gary Gensler left us some truffles to unearth. Even after his departure, Gensler’s “regulation by enforcement” approach continues reverberating.
We may be living under the first pro-crypto administration in US history, but there’s still a mountain of work to be done in clearing up the mess that’s been created by opaque, contradictory or absent regulations. One crypto sector, in particular, needs clarity on how it’s meant to operate without incurring the wrath of regulators: decentralized physical infrastructure networks (DePIN).
