Etherealize co-founder: The crypto industry must make substantial progress before Trump leaves office.
According to Odaily Planet Daily, Etherealize co-founder Danny Ryan stated in an interview that while the Trump administration pushed for crypto legislation, the industry may face political backlash after Trump leaves office due to conflicts of interest with companies backed by his family. Ryan emphasized that the crypto industry must accelerate its development during the current policy window, demonstrating its fundamental value as a critical global infrastructure by attracting financial institutions, global capital, and access to capital markets.
Danny Ryan points out that if cryptography becomes deeply embedded in the financial system, future regulatory pressure will be more inclined to modify its usage rather than eradicate it completely. Furthermore, Etherealize observed during its participation in the CLARITY bill hearings that Democratic concerns about Trump's conflict of interest have hindered the legislative process to some extent. Danny Ryan calls on the industry to reduce its politicization by demonstrating its instrumental nature and value. (Decrypt)
