When it comes to crypto, regulators are playing catch up.

A recent NYT DealBook article entitled "What's Next for Crypto Regulation" offers a fairly sweeping assessment of where crypto regulation could go. And the short answer is that it could go in a lot of directions, because it's currently way behind what's happening in the marketplace. 

Why is this? Timothy Massad of Harvard offers a simple explanation: “The basic, overarching issue is that digital asset innovation has outpaced our regulatory framework.” 

The gap between regulation and reality creates a lot of uncertainty. Some of the potential outcomes noted in the article include: 

🔹  Increased scrutiny of decentralized finance (DeFi)

🔹  A robust regulator to simplify the process for entrepreneurs

🔹  FinCEN wallet rules could deter U.S. crypto businesses

If you're keeping score, that's obviously a wide range of outcomes. Depending on your perspective, there's some good, some bad, and some mixed. 

Subscribers to our WeFunder updates know that we've been talking a lot about this topic. We recently posted an update in which TransitNet Architect Will Coleman and I discuss the issue of the wallet rules. 

Regardless of how this item and other proposals wind up, it seems certain that enhanced scrutiny is coming. And we think TransitNet will play a positive role amidst this broader trend. A voluntary crypto-title registry, which offers a trusted third-party source for verifying asset ownership, solves a problem facing many industry players. And solutions offered by private industry can often mitigate the need for additional regulatory action.

We see TransitNet as a key piece of infrastructure that can help improve the industry. If you're curious to learn more, you can visit TransitNet's WeFunder profile to read about the company and our financing round.