Ki Young Ju, CEO of CryptoQuant, emphasized the importance of regulation for the future growth of Web3 and the cryptocurrency space.
In a post on Sept. 29, he argued that with proper regulatory frameworks, the industry could flourish while reducing scams and fostering trust.
Ju’s statement sparked a discussion within the crypto community, with some supporting his call for regulation while others voiced concerns about potential overreach.
Ju highlighted that Web3 promotes “borderless collaboration” and operates more like a protocol than a traditional corporation, potentially involving millions of participants in the future. However, he noted that the industry’s image is often tarnished by fraud and suggested that “smart regulation” is needed to support sustainable development. He expressed optimism that governments would eventually enforce the necessary rules but questioned the timeline.
Reactions to Ju’s remarks were mixed. While some agreed that regulation could lead to more responsible growth, others were worried about its potential impact on the industry’s profits and autonomy. One user claimed that regulation could limit the lucrative opportunities in crypto, while another raised concerns about giving regulators too much control, sarcastically suggesting that the community should just “play it safe and let others decide what’s best.”
Some in the community expressed unease about centralized regulation, fearing it could lead to monopolies and stifle competition. A user noted that human fallibility could open the door to corruption, advocating instead for market-driven self-regulation.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.