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Etherealize Co-Founder: Crypto Industry Must Make Substantial Progress Before Trump Leaves Office
Summary: In an interview, Etherealize co-founder Danny Ryan stated that despite the Trump administration's push for crypto legislation, the industry may face political backlash after Trump leaves office due to conflicts of interest with companies endorsed by his family. Ryan emphasized the need for the crypto industry to accelerate development within the current policy window by ...
In an interview, Etherealize co-founder Danny Ryan stated that despite the Trump administration's push for crypto legislation, the industry may face political backlash after Trump leaves office due to conflicts of interest with companies endorsed by his family. Ryan emphasized the need for the crypto industry to accelerate development within the current policy window by attracting financial institutions, global capital, and entering the capital markets to prove its fundamental value as a global critical infrastructure. Ryan pointed out that if crypto technology can be deeply embedded in the financial system, future regulatory pressures will be more inclined towards modifying its usage rather than complete eradication. Additionally, Etherealize observed during the CLARITY Act hearing that Democratic concerns about Trump's conflicts of interest have somewhat hindered the legislative process. Ryan urged the industry to reduce politicization by demonstrating its utility and value. (Decrypt)
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Link: Etherealize Co-Founder: Crypto Industry Must Make Substantial Progress Before Trump Leaves Office [Copy]
