Contrary to what some believe, a "free market" is *not* a free-for-all. Well-functioning markets need rules – and crypto is no different. Without basic structure and protections, uncertainty and inefficiency will drive away legitimate businesses and consumers. In @ftopinion today, I argue that crypto regulation needs to achieve four specific objectives: 1⃣ Predictability and stability: crypto needs clear, enforceable rules that businesses, investors, and consumers can understand and trust. 2⃣ Protection of property rights: legal frameworks should reinforce and complement blockchain-based ownership. 3⃣ Transparency and information clarity: disclosures should help prospective crypto purchasers and investors make informed decisions. 4⃣ Fair competition: crypto needs guardrails against monopolistic practices, market manipulation, and fraud. The proper crypto regulatory framework also has to be congruent with existing rules, so as to avoid inadvertently creating workarounds to established protections. And it must recognize that crypto is more than just finance: it's tech infrastructure, too. But all of this is possible – and the crypto industry must welcome it. Link to full article below the fold 👇, QED