# Bitcoin Has To Be Regulated Like a Security

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Last modified: 2022-07-03

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By Paul Ebeling · 2022-07-03
Tags: Shayne Heffernan on Investments, Luxury, Lifestyle, security, Paul Ebeling, Bitcoin, Crypto, Education, Bitcoin, Knightsbridge Insights, Living, Featured, Business, Market, Money, Stock
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#bitcoin #security

Billionaire venture capitalist Chamath Palihapitiya says leading digital asset Bitcoin should be regulated like a security.

In a new interview Palihapitiya says regulatory agencies and lawmakers should treat the Top crypto asset like a security even though it may not necessarily be one.

*“I tend to think at this point Bitcoin probably has to be regulated like a security even if it is not and it’s more of a commodity only because of the volume and sheer size of both the market…*

*If you’re a market participant trying to trade very sophisticated derivatives of any kind, for example in the credit markets, we have to go and we create these things called ISDAs [International Swaps and Derivatives Associations]…*

*It’s basically a kind of account that allows us to go and take risks in some of these very esoteric markets, but the underlying principle around that is a common set of parameters, a clearing house [and] the ability to monitor risk. None of those things exist here, and I think that’s what folks have to solve for now.”*

According to the billionaire, another problem the crypto industry has is unrealistic yield expectations in decentralized finance (DeFi) protocols.

*“All these shadow activities… it just seemed too good to be true. When you would hear [about how] this DeFi protocol will yield you 24%… never made sense really but then none of us really questioned it.”*

At time of writing, Bitcoin is trading for $19,322.08.

[*Chec*](http://crypto.livetradingnews.com/en)[k Price Action](http://crypto.livetradingnews.com/en)

Have a prosperous holiday weekend, Keep the Faith!

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