Tesla CEO Elon Musk Opposes Governments Regulating Crypto, Says They Should 'Do Nothing'.
30 Sep 2021, 08:00
Tesla CEO Elon Musk Opposes Governments Regulating Crypto, Says They Should ‘Do Nothing’
Tesla CEO Elon Musk thinks governments should not try to regulate cryptocurrency. “I would say, do nothing,” he recommended. Musk believes that it is not possible to destroy crypto, but governments can “slow down its advancement.”
Elon Musk Says Governments Should ‘Do Nothing’ and Leave Crypto AloneTesla CEO Elon Musk discussed cryptocurrency and China on Tuesday at Code Conference in Beverly Hills, California. Responding to a question from New York Times columnist Kara Swisher about whether it is “the right thing” for governments to regulate and take control of cryptocurrency, and whether it is possible for them to do so, he said:
It is not possible to, I think, destroy crypto but it is possible for governments to slow down its advancement.