Ripple CEO Says SEC Suit Is 'Not Healthy' for Industry

The video discusses the SEC's aggressive regulatory approach towards the crypto industry, highlighting its potential impact on the industry if the SEC prevails. It contrasts the US's enforcement-based regulation with other countries that have established clear frameworks, allowing the industry to grow while protecting consumers. The speaker warns that the US is falling behind countries like Australia, the UK, Japan, and Singapore, which have created clear rules. The video suggests that a good regulatory framework should start with consumer protection and recognize that not all crypto assets are securities.

In what ways could a better regulatory framework benefit the crypto industry in the US?

What lessons can be learned from the regulation of the Internet in the late 90s that could apply to the current situation with crypto?