Bitcoin whale Michael Saylor urges governments to step in and regulate crypto’s ‘parade of horribles’

Bitcoin whale Michael Saylor urges governments to step in and regulate crypto’s ‘parade of horribles’

The world’s largest public holder of Bitcoin called on regulators to finally tackle a laundry list of risky, immature crypto industry practices, or “parade of horribles”, that are unfairly weighing on the price of its asset.

Microstrategy CEO Michael Saylor argues the over 19,000 cryptocurrencies and digital tokens in circulation must be viewed as “unregistered securities” that cannot be likened to a hard commodity like Bitcoin—which has no issuer, no management, no employees, no…


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