Etherealize co-founder: The crypto industry needs to demonstrate practical applications before Trump leaves office.
TL;DR
Etherealize co-founder Danny Ryan warns the crypto industry must prove its practical value before Trump's term ends to prevent policy reversals. He urges expediting regulations and financial integration during this 'window of opportunity' to avoid future uncertainty.
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According to ChainCatcher, Decrypt reports that Etherealize co-founder Danny Ryan stated that the crypto industry needs to "prove its worth" before Trump leaves office to avoid policy reversals after a change of government.
He pointed out that the US government has promoted legislation and regulatory improvements to support encryption, but this environment will not last forever. Therefore, the industry should expedite the implementation of regulations and capital market integration.
Ryan stated that if crypto fails to demonstrate practical applications during the current administration's term, future political forces may reconsider these policy supports. He emphasized that now is the industry's "window of opportunity" to integrate crypto into the financial system, rather than waiting for political changes to create uncertainty.