Yuval Rooz, CEO of Canton and co-founder and CEO of Digital Asset, said at Token2049 in Singapore that the crypto industry should use the current regulatory environment to speed up institutional adoption and push blockchain into broad use. His argument was straightforward: if the technology becomes widely used before the next major political turn in the United States, it will be harder for a future government to reverse the industry’s progress. Rooz said the sector should reach a point of no return by 2028, regardless of what changes then. He compared blockchain’s opening to the early expansion of Uber and Airbnb, which had already built large user bases before regulators moved to restrict them. The next U.S. presidential election is scheduled for Nov. 7, 2028, a date that could bring changes in government priorities and regulatory focus. In the same discussion, Binance co-CEO Richard Teng said he hopes the CLARITY Act ultimately becomes law, adding that legislation could help prevent regulatory backsliding and bring institutions into the market. Franklin Templeton CEO Jenny Johnson said legislation would improve certainty, but the industry should not depend on that bill alone because the SEC and CFTC have already advanced crypto oversight under existing authority.
Yuval Rooz, CEO of Canton and co-founder and CEO of Digital Asset, said at Token2049 in Singapore that the crypto industry should use the current regulatory environment to accelerate institutional adoption and push blockchain into broad use, according to Cointelegraph.
Rooz said that would reduce the chances of a future government reversing the industry’s progress. In his words, the sector should reach a point of no return by 2028, regardless of what changes then.
Rooz compares blockchain adoption to Uber and Airbnb
Rooz compared the opportunity for blockchain applications to Uber and Airbnb. He said both services had already achieved broad usage before regulators moved to impose restrictions.
The next U.S. presidential election is scheduled for Nov. 7, 2028, and it could bring changes in government priorities and regulatory focus.
Other panelists point to legislation and existing authority
In the same discussion, Binance co-CEO Richard Teng said he hopes the CLARITY Act ultimately becomes law. He added that legislation could help prevent regulatory backsliding and encourage institutions to enter the market.
Franklin Templeton CEO Jenny Johnson said legislation would increase certainty, but the industry should not rely on the bill’s passage. She said the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have already moved crypto regulation forward under their existing authority.
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