# kaal:claim:3411110-036

**Claim.** Governmental endorsement and guidance on crypto investments is essential for future securities offerings involving cryptocurrencies and blockchain, and absent it the gap between the existing regulatory infrastructure and crypto securities investment will inevitably widen as the market grows.

**Type.** predictive  **Support.** argued

**Holds when.**

- growth in the market for crypto investments
- United States regulatory infrastructure

**Source quote.**

> As the market for crypto investments grows, the regulatory gap between the existing regulatory infrastructure and crypto securities investment will inevitably increase further.

**From.** Wulf A. Kaal, Samuel Evans, *Blockchain-Based Securities Offerings* (2019), VI. Conclusion and Outlook, page 29

**Cite as.** Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

**Verify.** sha256 of source PDF `c7626eeb7642045b79f8745df1f7232a8fe8bc44a1f7e87b592850e35b392b50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Evans%20-%202019%20-%20Blockchain-Based%20Securities%20Offerings.pdf

**Failure mode.** widening regulatory gap  (family: regulatory-lag)

**Topics.** economics

**Keywords.** regulatory-gap, government-guidance, crypto-investments, capital-markets

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.