Cryptocurrency regulation will be a slow, measured process, Rosenblatt says

"Regulation is coming to the crypto markets, but it will be a slow, measured process," writes Rosenblatt analyst Sean Horgan in a note summing up the firm's first two discussions with former markets regulators. Brett Redfearn, former director of Division of Trading & Markets at the SEC and former head of capital markets at Coinbase (NASDAQ:COIN), and Dorothy DeWitt, former director of the CFTC's Division of Market Oversight and former VP and general counsel for Business Lines and Markets at Coinbase were the first two speakers in a series on cryptocurrency regulation. Both thought it unlikely that the government would create a new federal regulator for cryptocurrency, as Coinbase has suggested, given that would be the most costly option. Redfearn expects that the SEC may get the mandate due to its sway on Capitol Hill and its investor protection focus. DeWitt sees the potential for the Treasury and banking regulators