Digital Asset co-founder and CEO Yuval Rooz said at Token2049 in Singapore that the crypto industry should use the current regulatory environment to accelerate institutional adoption. In his view, broad blockchain use would make it harder for future governments to unwind the sector’s progress.
Rooz calls for wider blockchain use before policy shifts
Rooz compared the opportunity to Uber and Airbnb, saying both companies had already established themselves before policymakers could effectively constrain them. He said, 「By the time people realized what was happening and decided to legislate against these companies, it was already too late.」
He added that the industry should make blockchain so widely used that, no matter what happens in 2028, there is 「no way back.」 The next U.S. presidential election is scheduled for Nov. 7, 2028, an event that could bring a change in administration and a different set of regulatory priorities.
Comments came after the CLARITY Act stalled in September
The remarks came against the backdrop of the CLARITY Act failing to advance in a Senate procedural vote in September. At the same time, the U.S. Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have been advancing crypto regulation under their existing authority.
Other panelists focused on legislation and regulatory clarity
Speaking on the same Token2049 panel, Binance co-CEO Richard Teng said he hopes the CLARITY Act can still become law. He said legislation could prevent regulatory reversals and encourage institutions to enter the market, and described the possibility of undoing current progress as the industry’s 「biggest fear.」
Franklin Templeton CEO Jenny Johnson said legislation would provide greater certainty, but the industry should not rely on the CLARITY Act passing. She said the SEC and CFTC are already working to provide regulatory clarity so that innovation and institutional adoption can continue.