Increased security has played a critical role in the cryptocurrency space in 2018. The current state of the market has dictated a stronger need for more secure transactions. SEC Chairman Jay Clayton has been harping on the importance of increased security and accountability for transactions. An increase in market surveillance is imminent, and businesses that understand the importance of security will win in the future.
“We've seen some thefts around digital assets that make you scratch your head. We care that the assets underlying that ETF has good custody and that they're not going to disappear.” — SEC Chairman Jay Clayton.
The need to have improved safeguards is critical. There is much diversity in the solutions offered, from smart wallets to safer contracts. However, when it comes to security, there needs to be an overarching philosophy around conducting crypto-transactions.
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