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Brendan Blumer, CEO of Block.one tweeted to Donald Trump asking him to embrace the Blockchain and to set rules for the next innovation in the financial markets.
In the thread, he talks about the relation between blockchain and regulations, appealing to the conservative administration to shed more light on the blockchain regulatory uncertainties.
He starts off with defining the attributes of both regulations and blockchain, which will result in increased security, transparency and interoperability of the open markets.
#Regulations are mutually agreed sets of constraints designed to increase security, transparency, and interoperability of markets. #Blockchain regulates data transmission and storage to accomplish the same digitally.
— BrendanBlumer (@BrendanBlumer) January 6, 2019
He also highlights that over-regulation hinders progress but lower regulatory environments are a necessity for harmony.
Actually, I’m a believer that lower regulatory environments are healthier for society, but governments and rules are required for humans to harmoniously share earth.
— BrendanBlumer (@BrendanBlumer) January 6, 2019
He ends up to a conclusion that “blockchain can automate and enforce regulation transparently.”
#Blockchain can automate and enforce #regulation transparently
— BrendanBlumer (@BrendanBlumer) January 6, 2019
With one of the most prominent Blockchain firms, he extends an offer to US authorities, particularly Donald Trump to join in the ongoing Blockchain revolution, bridging the gap between governments and the cryto-verse. He wants the Trump administration to regulate the market with “clear rules” which promotes innovation in the financial markets and the digital economy.
He ends the tweet by talking about “the next age of digital prosperity with America being the trailblazer in this space.
If @realDonaldTrump embraces #blockchain with clear rules that promote innovation in financial markets and digital goods, the #USA will trailblaze the next age of digital prosperity
— BrendanBlumer (@BrendanBlumer) January 7, 2019
Blockmanity’s Take
If Trump really wants to “make America great again”, he’ll tweet back. It’s 2019, one can hope!
Thank you for reading the article. Wishing you a very Happy New Year from team Blockmanity 🙂
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