Some of what is in the article is about exchanges losing massive amounts to hacks, in which case I would be inclined to agree that regulation of this space is needed, at least as far as ensuring customers get their money back in this case.
But most of what is in there is about things like stealing Bored Apes, which is basically just phishing, or NFT value collapse, which is just a speculative bubble popping. In the first case, I don't see any way that regulators are going to be able to stop phishing. And in the second, that's just a standard bubble. No fraud involved. Not much different that the Beanie Baby speculative bubble. I don't really think there's a government role in preventing speculative nonsense like that. Fuck around and find out.
> ...or NFT value collapse, which is just a speculative bubble popping.
> And in the second, that's just a standard bubble. No fraud involved.
I disagree. There are plenty of shitty coin/NFT projects marketed using celebrities/influencers where the project founders have no intention of delivering on their promises. They're just there to pump and dump, which is a type[1] of fraud.
But most of what is in there is about things like stealing Bored Apes, which is basically just phishing, or NFT value collapse, which is just a speculative bubble popping. In the first case, I don't see any way that regulators are going to be able to stop phishing. And in the second, that's just a standard bubble. No fraud involved. Not much different that the Beanie Baby speculative bubble. I don't really think there's a government role in preventing speculative nonsense like that. Fuck around and find out.