Ethereum co-founder Vitalik Buterin criticizes the US cryptocurrency regulation system.

Buterin particularly targets the classification of utility tokens as securities.

He argues that this classification stifles innovation and promotes the creation of 'useless and vague' tokens.

Buterin calls for a regulatory framework that prioritizes projects with clear economic value propositions.

He advocates for collaboration between regulators and the crypto industry to foster growth and innovation.

Industry leaders, including Buterin, stress the importance of tailored regulations for the unique nature of crypto.

Tailored regulations are essential to protect investors and promote technological advancement.

The SEC's strict enforcement of securities laws under Gary Gensler has led to legal actions against major crypto firms.

Crypto regulation has become a significant political topic in upcoming elections.