FTX CEO Sam Bankman-Fried Lists Challenges To Crypto Mass Adoption On Twitter | Deems Regulation Necessary

37 sec read

Sam Bankman-Fried, Founder & CEO of global cryptocurrency exchange FTX, lists obstacles to the global adoption and growth of cryptocurrencies.

  1. Regulatory Clarity on Crypto : Bankman-Fried asserts in a tweet that regulatory clarity is needed for the crypto market to thrive in developed economies.
  1. Transparency & Accessibility : In the case of stablecoins, the FTX CEO states that the regulatory framework should aim at enhancing transparency and accessibility.
  1. Need for Regulations : Bankman-Fried also recognizes that regulations governing the crypto markets and the issuance of tokens are necessary.
  1. User Appeal : To ensure the broader adoption of crypto, the FTX CEO says the industry needs to focus on building products that appeal to users and make the products readily available and accessible.
  1. Increased TPS : According to Bankman-Fried, blockchains will need to keep increasing the number of transactions they can process per second to reach “industrial-scale” proportions.

Originally published here

Stay on top of Crypto Trends

Subcribe to our newsletter to get the latest crypto news in your inbox

Have A Story? Get Featured On Nexofly Plus 100+ More Exclusive Crypto News Sites