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Fortune
Fortune
Will Daniel

Binance’s chief strategy officer fears strict U.S. crypto regulation could ‘choke out’ the industry and cause ‘real market volatility’

(Credit: Ben McShane/Sportsfile for Web Summit via Getty Images)

The biggest risk to cryptocurrencies isn’t another exchange implosion or multimillion-dollar hack, it’s regulation. At least that’s what Patrick Hillmann, chief strategy officer at the world’s largest crypto exchange, Binance, said Monday. 

Hillmann argued that U.S. crypto regulations are becoming increasingly strict and misguided, which could cause some “real market volatility” or even “choke out” the industry.

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