The Hurdle Rate Podcast(@HurdleRatePod):Matt Cole says regulation by enforcement made crypto’s rules unknowable. A company could ask the SEC whether an activity was allowed, get no answer, then face an enforcement action after doing it. That makes it hard to build trust in the rules. “They won’t tell you what the rules are and then they’ll charge you as if you broke the rules after you do something.”

2026.09.17 22:00

Matt Cole says regulation by enforcement made crypto’s rules unknowable. A company could ask the SEC whether an activity was allowed, get no answer, then face an enforcement action after doing it. That makes it hard to build trust in the rules. “They won’t tell you what the rules are and then they’ll charge you as if you broke the rules after you do something.” - @ColeMacro

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