Key facts
- Digital Asset CEO Yuval Rooz believes widespread crypto adoption can insulate the industry from potential US policy reversals.
- Rooz compared the opportunity for crypto adoption to that of Uber and Airbnb.
- Binance co-CEO Richard Teng expressed hope for the CLARITY Act to prevent regulatory backtracking.
- Franklin Templeton CEO Jenny Johnson noted that the SEC and CFTC are already providing regulatory clarity.
Digital Asset co-founder and CEO Yuval Rooz stated that the crypto industry must leverage the current regulatory landscape to hasten institutional adoption. He argued that making blockchain technology widely used would create a barrier against potential policy reversals by future US administrations, particularly ahead of the 2028 presidential election. Rooz drew parallels to the early days of Uber and Airbnb, suggesting that by the time policymakers were ready to regulate these companies effectively, they had already become too entrenched.
These remarks follow the recent procedural failure of the CLARITY Act in the Senate in September. Meanwhile, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) continue to advance crypto regulations using their existing legal authorities.