Former Bloomberg Analyst: Cryptocurrencies need to fulfill promises, demonstrating true decentralization

Media reports, former Bloomberg analyst Jamie Coutts CMT posted on platform X stating that either decentralize or be regulated as securities. I have always believed that cryptocurrencies need to fulfill their promises and show true decentralization. The FIT21 bill is based on Hester Peirce's safe harbor proposal: a single issuer cannot control more than 20% of digital assets. Details determine success or failure, but Hestor Pierce's mission is finally about to be realized. It should be noted that her original proposal was put forward in 2019, during these five years, innovation, employment, productivity all suffered losses, not to mention the behaviors of fleecing investors through fraud and greed. Gary Gensler along with the leaders of Covid regulatory agencies (CDC, FDA, NIH etc.), has become one of the most politicized and destructive regulators in modern history.