Theo Paul Graham<\/strong>, \u0111\u1ed3ng s\u00e1ng l\u1eadp Y Combinator<\/strong>, ng\u00e0nh c\u00f4ng nghi\u1ec7p ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u00e3 k\u00eau g\u1ecdi s\u1ef1 qu\u1ea3n l\u00fd, nh\u01b0ng l\u1ea1i b\u1ecb \u0111\u1ec3 l\u1ea1i trong t\u00ecnh tr\u1ea1ng m\u01a1 h\u1ed3 chi\u1ebfn l\u01b0\u1ee3c<\/em> b\u1edfi ch\u00ednh quy\u1ec1n SEC<\/strong> tr\u01b0\u1edbc \u0111\u00e2y. “T\u00f4i kh\u00f4ng \u0111\u1ed3ng \u00fd v\u1edbi nh\u1eefng ng\u01b0\u1eddi n\u00e0y, nh\u01b0ng t\u00f4i ph\u1ea3i ch\u1ec9 ra r\u1eb1ng h\u1ecd mu\u1ed1n ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd, ch\u1ee9 kh\u00f4ng ph\u1ea3i kh\u00f4ng c\u00f3 qu\u1ea3n l\u00fd,” Graham n\u00f3i.<\/p>\n \u00d4ng \u0111\u00e3 m\u00f4 t\u1ea3 c\u00e1ch ti\u1ebfp c\u1eadn c\u1ee7a c\u1ef1u Ch\u1ee7 t\u1ecbch SEC Gary Gensler<\/strong> l\u00e0 “ngu ng\u1ed1c,”<\/em> l\u01b0u \u00fd r\u1eb1ng c\u01a1 quan n\u00e0y \u0111\u00e3 c\u1ed1 t\u00ecnh t\u1eeb ch\u1ed1i l\u00e0m r\u00f5 t\u00ecnh tr\u1ea1ng ph\u00e1p l\u00fd c\u1ee7a c\u00e1c lo\u1ea1i ti\u1ec1n \u0111i\u1ec7n t\u1eed. Nh\u1eefng c\u00f4ng ty h\u1ee3p ph\u00e1p mu\u1ed1n tu\u00e2n th\u1ee7 quy \u0111\u1ecbnh (nh\u01b0 Coinbase<\/strong>) \u0111\u00e3 b\u1ecb ch\u1eb7n l\u1ea1i ho\u1eb7c b\u1ecb ki\u1ec7n, bu\u1ed9c m\u1ed9t s\u1ed1 trong s\u1ed1 h\u1ecd ph\u1ea3i chuy\u1ec3n ra n\u01b0\u1edbc ngo\u00e0i ho\u1eb7c h\u1ea1n ch\u1ebf c\u00e1c t\u00ednh n\u0103ng.<\/p>\n SEC \u0111\u00e3 ki\u1ec7n c\u00e1c s\u00e0n giao d\u1ecbch h\u1ee3p ph\u00e1p, trong khi nh\u1eefng k\u1ebb l\u1eeba \u0111\u1ea3o th\u1ef1c s\u1ef1 (nh\u01b0 FTX<\/strong> trong qu\u00e1 kh\u1ee9, ho\u1eb7c nh\u1eefng k\u1ebb l\u1eeba \u0111\u1ea3o AI hi\u1ec7n t\u1ea1i) l\u1ea1i ph\u00e1t tri\u1ec3n m\u1ea1nh v\u00ec h\u1ecd kh\u00f4ng bao gi\u1edd quan t\u00e2m \u0111\u1ebfn vi\u1ec7c tu\u00e2n th\u1ee7 ngay t\u1eeb \u0111\u1ea7u.<\/p>\n<\/blockquote>\n Graham tr\u01b0\u1edbc \u0111\u00f3 \u0111\u00e3 kh\u1eb3ng \u0111\u1ecbnh r\u1eb1ng s\u1ef1 t\u1ee9c gi\u1eadn c\u1ee7a ng\u00e0nh c\u00f4ng nghi\u1ec7p l\u00e0 ho\u00e0n to\u00e0n h\u1ee3p l\u00fd<\/strong>. Trong c\u00e1c b\u00e0i \u0111\u0103ng tr\u00ean m\u1ea1ng x\u00e3 h\u1ed9i tr\u01b0\u1edbc \u0111\u00f3, \u00f4ng \u0111\u00e3 m\u00f4 t\u1ea3 c\u00e1ch x\u1eed l\u00fd ti\u1ec1n \u0111i\u1ec7n t\u1eed c\u1ee7a ch\u00ednh quy\u1ec1n l\u00e0 “th\u1eadt s\u1ef1 v\u00f4 tr\u00e1ch nhi\u1ec7m”<\/em> v\u00e0 l\u00e0 m\u1ed9t “cu\u1ed9c t\u1ea5n c\u00f4ng.”<\/em><\/p>\n Trong khi \u0111\u00f3, Paul Atkins<\/strong>, ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u SEC m\u1edbi, \u0111\u00e3 kh\u1edfi \u0111\u1ed9ng “D\u1ef1 \u00e1n Crypto,”<\/strong> nh\u1eb1m b\u00ecnh th\u01b0\u1eddng h\u00f3a t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1. C\u00e1ch ti\u1ebfp c\u1eadn c\u1ee7a \u00f4ng d\u1ef1a tr\u00ean \u00fd t\u01b0\u1edfng r\u1eb1ng “h\u1ea7u h\u1ebft c\u00e1c token ti\u1ec1n \u0111i\u1ec7n t\u1eed kh\u00f4ng ph\u1ea3i l\u00e0 ch\u1ee9ng kho\u00e1n,”<\/em> \u0111i\u1ec1u n\u00e0y l\u00e0 m\u1ed9t s\u1ef1 \u0111\u1ea3o ng\u01b0\u1ee3c tr\u1ef1c ti\u1ebfp c\u1ee7a h\u1ecdc thuy\u1ebft Gensler.<\/p>\n SEC do Atkins l\u00e3nh \u0111\u1ea1o \u0111\u00e3 t\u1ef1 nguy\u1ec7n b\u00e1c b\u1ecf ho\u1eb7c gi\u1ea3i quy\u1ebft c\u00e1c h\u00e0nh \u0111\u1ed9ng th\u1ef1c thi l\u1edbn ch\u1ed1ng l\u1ea1i Coinbase<\/strong>, Kraken<\/strong> v\u00e0 Ripple<\/strong>. Atkins l\u1eadp lu\u1eadn r\u1eb1ng ki\u1ec7n t\u1ee5ng l\u00e0 m\u1ed9t c\u00e1ch kh\u00f4ng hi\u1ec7u qu\u1ea3 \u0111\u1ec3 t\u1ea1o ra lu\u1eadt. Tuy nhi\u00ean, s\u1ef1 \u0111\u1ea3o chi\u1ec1u quy \u0111\u1ecbnh n\u00e0y \u0111\u00e3 thu h\u00fat m\u1ed9t s\u1ed1 ph\u1ea3n \u0111\u1ed1i t\u1eeb ph\u00eda \u0110\u1ea3ng D\u00e2n Ch\u1ee7<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Nh\u1eadn \u0111\u1ecbnh c\u1ee7a Paul Graham v\u1ec1 Ng\u00e0nh C\u00f4ng Nghi\u1ec7p Ti\u1ec1n \u0110i\u1ec7n T\u1eed Theo Paul Graham, \u0111\u1ed3ng s\u00e1ng l\u1eadp Y Combinator, ng\u00e0nh c\u00f4ng nghi\u1ec7p ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u00e3 k\u00eau g\u1ecdi s\u1ef1 qu\u1ea3n l\u00fd, nh\u01b0ng l\u1ea1i b\u1ecb \u0111\u1ec3 l\u1ea1i trong t\u00ecnh tr\u1ea1ng m\u01a1 h\u1ed3 chi\u1ebfn l\u01b0\u1ee3c b\u1edfi ch…<\/p>\n","protected":false},"author":3,"featured_media":17040,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,48],"tags":[4225,4226,4545,4534,4794,4523,4217,5047,9574,4507,11311],"class_list":["post-17041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-legal","tag-bitcoin","tag-coinbase","tag-democrats","tag-ftx","tag-gary-gensler","tag-kraken","tag-legal","tag-paul-atkins","tag-project-crypto","tag-ripple","tag-y-combinator"],"yoast_head":"\nC\u00e1ch Ti\u1ebfp C\u1eadn c\u1ee7a SEC D\u01b0\u1edbi Th\u1eddi Gary Gensler<\/h2>\n
\n
Ph\u1ea3n \u1ee8ng c\u1ee7a Ng\u00e0nh C\u00f4ng Nghi\u1ec7p v\u00e0 D\u1ef1 \u00c1n Crypto c\u1ee7a SEC M\u1edbi<\/h2>\n