Chris Dixon criticized the tightening of measures taken by regulators regarding cryptocurrencies. Thus, the US Securities and Exchange Commission (SEC) is increasingly suing cryptocurrency companies, alleging that they are trading unregistered securities. This has left Dixon very concerned about the future of cryptocurrencies in the US.
“The US has an absurd regime for regulating cryptocurrencies, because under these conditions it is mainly meme tokens that can develop. While large industry companies developing blockchain solutions face constant pressure. Current regulations only encourage platforms to host memcoins, which can be traded freely on markets without any restrictions, rather than other, more useful crypto assets,” Dixon said.
Recently, CTO of venture capital firm Andreessen Horowitz, Eddy Lazzarin, compared memcoins to gambling, saying that these tokens give blockchain and cryptocurrencies a bad name.
