Lessons from Links: How to Safely Grow the Crypto Industry While Fostering Innovation

April 20, 2023

We appreciated the opportunity to discuss growing the crypto ecosystem safely with regulators and industry experts. “If government doesn’t keep pace with technology, it’s usually the most vulnerable people who suffer,” Goldsmith Romero said. Man-in-the-middle attacks are another challenge the crypto industry must tackle, and Goldsmith Romeo referenced the $120 million BadgerDao hack that exploited a customer-facing interface. For crypto companies:With customer due diligence, AML, and KYC practices, banks are well seasoned and expect their crypto customers to achieve that maturity too. Christy Goldsmith Romero summed it succinctly during her session: the most important thing that regulators and industry could be doing to safely grow the crypto financial system is to put customers first.