{"id":67652,"date":"2022-09-26T10:14:44","date_gmt":"2022-09-26T07:14:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67652"},"modified":"2025-09-07T07:50:50","modified_gmt":"2025-09-07T04:50:50","slug":"messari-founder-calls-bear-market-useful-for-the-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/messari-founder-calls-bear-market-useful-for-the-industry\/","title":{"rendered":"Messari founder calls bear market &#8216;useful&#8217; for the industry"},"content":{"rendered":"<p>Tightening belts in a down-trend will benefit the digital-asset industry. This was stated in an interview with<a href=\\\"https:\/\/decrypt.co\/110474\/bear-markets-are-good-for-cleaning-house-messari-ceo\\\"> Decrypt<\/a> by Messari founder and CEO Ryan Selkis.<\/p>\n<p>\\n\\n<\/p>\n<p>In his words, the departure of some companies always clears space for those who have survived.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>&#8220;Bear markets are good for attracting the right people. We are shedding ballast,&#8221;<\/em> the expert explained.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>At the moment, the cyclical process coincides with the shaping of the regulatory environment. Its evolution over time could ultimately lead to a bull market, Selkis suggested.<\/p>\n<p>\\n\\n<\/p>\n<p>He noted the participation of representatives from the <span data-descr=\\\"U.S. Commodity Futures Trading Commission\\\" class=\\\"old_tooltip\\\">CFTC<\/span> and the U.S. Department of Justice at the Messari Mainnet conference, which his company organized.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>&#8220;There must be discussions. For the most part, the officials seem to share a common view on taking more constructive steps. This does not look like a hammer, which is searching for a nail,&#8221;<\/em> the executive added.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Selkis and CFTC Commissioner Caroline Pham agreed that regulation could help the industry as clearer guidelines for companies are developed and jurisdiction between the CFTC and <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> is clarified.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\u201cThis to me, at its heart, is about good government,\u201d said <a href=\\\"https:\/\/twitter.com\/CarolineDPham?ref_src=twsrc%5Etfw\\\">@CarolineDPham<\/a>. \u201cI\u2019m here to work for each and every single one of you. That is literally my job.&#8221; <a href=\\\"https:\/\/twitter.com\/hashtag\/Mainnet2022?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Mainnet2022<\/a> <a href=\\\"https:\/\/t.co\/Sq4Pgl5pnT\\\">pic.twitter.com\/Sq4Pgl5pnT<\/a><\/p>\n<p>\u2014 Messari (@MessariCrypto) <a href=\\\"https:\/\/twitter.com\/MessariCrypto\/status\/1573047495369826304?ref_src=twsrc%5Etfw\\\">September 22, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>The conversation between Selkis and Sanjeev Bhaskar, the U.S. Department of Justice&#8217;s digital-currency adviser, proved substantive. They discussed the Bank Secrecy Act and the application of money-transmitter regulations to DeFi, <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>\u2013applications and P2P crypto trading.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Most insightful conversation with Sanjeev Bhasker of <a href=\\\"https:\/\/twitter.com\/TheJusticeDept?ref_src=twsrc%5Etfw\\\">@TheJusticeDept<\/a> on the application of the Bank Secrecy Act and money transmitter regulations to DeFi, Web3 applications and P2P crypto traders. <a href=\\\"https:\/\/t.co\/qAF7WL5a1T\\\">pic.twitter.com\/qAF7WL5a1T<\/a><\/p>\n<p>\u2014 Max Dilendorf (@MaxDilendorf) <a href=\\\"https:\/\/twitter.com\/MaxDilendorf\/status\/1573386959988334592?ref_src=twsrc%5Etfw\\\">September 23, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>Earlier in September, Selkis<a href=\"https:\/\/u1f987.com\/en\/news\/the-white-house-unveils-a-concept-for-regulating-the-u-s-crypto-industry\">hinted<\/a> that U.S. President Joe Biden is too old to understand the value of cryptocurrency and blockchain technology. This was in response to the publication of the industry&#8217;s regulatory framework in the United States.<\/p>\n<p>\\n\\n<\/p>\n<p>In August, a specialist<a href=\"https:\/\/u1f987.com\/en\/news\/messari-founder-calls-sec-stance-on-spot-bitcoin-etf-fraud\">called<\/a> the SEC&#8217;s stance on spot <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">Bitcoin ETFs<\/a> fraudulent.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our Telegram \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tightening belts in a downtrend will benefit the digital-asset industry. This was stated in an interview with Decrypt by Messari founder and CEO Ryan Selkis.<\/p>\n","protected":false},"author":1,"featured_media":67653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1468,1138,36],"class_list":["post-67652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-messari","tag-opinions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=67652"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67652\/revisions"}],"predecessor-version":[{"id":67654,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67652\/revisions\/67654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/67653"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=67652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=67652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=67652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}