Good day. Last week, we asked how looming crypto regulation is affecting investor calculus in the sector.
David Pakman, at venture-capital firm Venrock, said most crypto investors, himself included, expect more regulation from Western authorities. The majority of capital on the sidelines is waiting for regulatory clarity before being invested in crypto, he said. "Thus far, crypto has proven to be an amazingly resilient sector when faced with adverse regulatory pressure," Mr. Pakman said. "While I think there is a non-zero chance of a very negative regulatory event in the U.S., I think there is a much larger chance that we get sensible crypto regulation here, paving the way for more investment and progress in the space." How aggressive different governments will be in their respective regulatory approaches remains to be seen, he said.
