The recent collapse of the Libra project has become a wake-up call for the crypto community and regulators around the world. After the project, which was supposed to be a revolutionary initiative in the digital asset space, failed, experts are increasingly pointing to the need for strict regulation of memecoins and other speculative crypto products.

“The blame for the Libra memecoin disaster and other similar pump and dump schemes lies on the shoulders of regulators, and they are the only ones who can fix it,” said Nick Pakrin, co-founder and CEO of The Coin Bureau.

In his opinion, the lack of a clear regulatory framework and oversight creates fertile ground for fraud and market manipulation, which ultimately puts investors’ interests at risk.

The Libra collapse demonstrates that even projects with strong support and high expectations can collapse without proper oversight. In response to the current situation, regulators are considering introducing new standards for memecoin issuers. It is proposed to establish mandatory audit procedures, transparency of operations, and consumer protection measures. Such steps will help reduce systemic risks and ensure the stability of the crypto market in the long term.

Experts also note that increased regulation can promote innovation in the cryptocurrency sector, since clear rules create a predictable environment for business. The collapse of Libra, they argue, is an important lesson for all market participants, highlighting the need to balance freedom of innovation with investor protection.