Ian Foley is a cartoonist, writer, serial entrepreneur and investor focused on enterprise software. Living in Silicon Valley, he has founded or led sales at four startups, all at the forefront of new data technologies.
To many on the outside, the blockchain industry and speculative crypto markets are one and the same, which often leads to misunderstandings. For the two entities that regulate the market, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the result is that they tend to either look at the whole industry as an "unregulated mess" or view it with concerns about fraud or "operational risk." Ultimately, regulators view the blockchain industry through distorting mirrors.