{"id":16005,"date":"2022-12-31T17:07:05","date_gmt":"2022-12-31T17:07:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mark-moss-predicts-regulatory-shakeup-and-end-of-crypto-bull-runs-but-believes-bitcoin-will-endure-bitcoin-news\/"},"modified":"2022-12-31T17:07:05","modified_gmt":"2022-12-31T17:07:05","slug":"mark-moss-predicts-regulatory-shakeup-and-end-of-crypto-bull-runs-but-believes-bitcoin-will-endure-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mark-moss-predicts-regulatory-shakeup-and-end-of-crypto-bull-runs-but-believes-bitcoin-will-endure-bitcoin-news\/","title":{"rendered":"Mark Moss Predicts Regulatory Shakeup and End of Crypto Bull Runs, but Believes Bitcoin Will Endure \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to Mark Moss, the CEO of Market Disruptor, significant regulation is coming to the cryptocurrency industry following the aftermath of FTX\u2019s collapse. He believes that future cryptocurrency bull runs probably won\u2019t happen. However, Moss says that bitcoin will continue to see demand as it is \u201csolving a problem that has plagued humanity from Day One.\u201d<\/strong><\/p>\n

Market Disruptor CEO Predicts Regulatory Shift in Wake of FTX Collapse, Sees Most Cryptocurrency Assets Regulated as Securities in Future<\/h2>\n

On Dec. 29, 2022, Mark Moss, the CEO of Market Disruptor, spoke<\/a> with Michelle Makori, the lead anchor of Kitco News and the company\u2019s editor-in-chief, about the cryptocurrency industry and bitcoin (BTC<\/a>). Moss believes that the recent FTX collapse has accelerated regulation, and he thinks that most cryptocurrency assets will be regulated as securities in the future. As an example, the recent U.S. Securities and Exchange Commission\u2019s (SEC) charges against FTX co-founder Sam Bankman-Fried define<\/a> FTX\u2019s exchange token, FTT, as an unregulated security.<\/p>\n

To furnish another specific example, a New Hampshire court also sided with the SEC<\/a> in the lawsuit against LBRY, and LBRY said the language used to sway the court\u2019s decision \u201csets an extraordinarily dangerous precedent.\u201d Moss told Makori that deeming most crypto tokens as securities will likely force projects to create full disclosures for investors. \u201cImagine Ethereum going through full disclosure,\u201d Moss said during the interview. \u201cWho created the token? How many [coins] are controlled by insiders?\u201d<\/p>\n

The Market Disruptor executive and author of the \u200b\u200b\u201dThe Un-Communist Manifesto\u201d<\/span> added:<\/p>\n

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What\u2019s the connection between the Ethereum Foundation, Joseph Lubin, and Vitalik Buterin? Who controls the tokens in The Merge lockup?\u2026 I can\u2019t imagine they\u2019d want to [go through full disclosure].<\/p>\n<\/blockquote>\n

Moss said that it\u2019s likely some crypto projects move offshore, but he stressed that he believes the money from U.S. investors won\u2019t follow these projects. \u201cSure, the SEC clamps down and [cryptocurrencies] goes offshore \u2026 to some small jurisdiction,\u201d Moss said to Makori. \u201cBut the American venture capital companies can\u2019t skate past U.S. regulations to try to invest in these little obscure markets. So sure, it\u2019ll move to another country\u2026 but the money won\u2019t go with it, which drives the entire market cap.\u201d<\/p>\n

While Moss doesn\u2019t expect another altcoin season or crypto bull run, he does believe the leading crypto asset bitcoin (BTC<\/a>) will continue to prosper. Moss insists BTC<\/a> is a \u201ctechnological revolution that changes the course of humanity and drives financial markets.\u201d Moss further said that he doesn\u2019t want the regulatory hammer to come crashing down, and further insisted that he was just explaining the case as he sees it unfolding. Moss stressed:<\/p>\n

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Now is the time [regulators] are going to be forced to react. The SEC looks horrible \u2026 the [SEC\u2019s] number one job is to protect consumers, and they have failed. They should shut down in disgrace and close up shop \u2026 Of course that\u2019s not going to happen, but they need to regain confidence somehow, and I believe [the FTX collapse] is going to force [regulators] to act.<\/p>\n<\/blockquote>\n

Moss Forecasts Bitcoin Price to Reach $33K-$38K Next Year, Debate Over Securities Classification in Crypto Industry Looms<\/h2>\n

In 2023, Moss expects BTC<\/a> to hit $33K per unit and possibly even $38K. \u201cBitcoin is solving a problem that has plagued humanity from Day One, which is, how do I secure my property so it can\u2019t be manipulated, seized, or stolen?\u2019\u201d Moss remarked. \u201cI can have custody of [Bitcoin] and if I want to send it to you, nobody could stop it, block it, or prevent it.\u201d<\/p>\n

There\u2019s a lot of debate over whether specific crypto assets should be considered securities, and in the U.S., regulators have not reached a full consensus. For example, SEC chairman Gary Gensler has said that most crypto tokens are securities and he once said<\/a> the \u201claw is clear on this.\u201d \u201cI believe based on the facts and circumstances, most of these tokens are securities,\u201d Gensler said during an interview.<\/p>\n

Gensler also once declared<\/a> that he could confirm that bitcoin (BTC<\/a>) is a commodity, but it\u2019s the only crypto token he would talk about in that fashion. In May, the U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam said<\/a> he could surely say bitcoin is a commodity. \u201cWell, I can say for sure bitcoin \u2026 is a commodity. Ether as well,\u201d Behnam elaborated during his interview with CNBC.<\/p>\n

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\nTags in this story
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$33K-$38K<\/a>, Bitcoin<\/a>, Bitcoin (BTC)<\/a>, Bitcoin Price<\/a>, CFTC<\/a>, cftc chairman<\/a>, Crypto<\/a>, crypto tokens<\/a>, Financial Markets<\/a>, FTX collapse<\/a>, Gary Gensler<\/a>, Kitco News Anchor<\/a>, Mark Moss<\/a>, Market Disruptor<\/a>, Michelle Makori<\/a>, Moss bitcoin<\/a>, Rostin Behnam<\/a>, SEC<\/a>, sec chairman<\/a>, Securities<\/a>, Securities Classification<\/a>, The Un-Communist Manifesto<\/a><\/div>\n<\/div>\n

What are your thoughts on Mark Moss\u2019s recent conversation with Michelle Makori about the cryptocurrency industry? Share your thoughts in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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