Digital Asset co-founder and CEO Yuval Rooz said the crypto industry should use the current regulatory environment to accelerate institutional adoption, arguing that widespread use of blockchain could make it harder for future administrations to reverse the industry’s progress
He compared the opportunity to Uber and Airbnb, where he argued both services became entrenched before policymakers could effectively restrict them. “By the time people got their act together and decided, OK, we wanna legislate against those companies, it was too late,” Rooz said
The comments come after the CLARITY Act failed to advance in the Senate procedural vote in September. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have pushed ahead with crypto regulations under their existing authority
Meanwhile, Franklin Templeton CEO Jenny Johnson said legislation would provide greater certainty but cautioned that the industry should not rely on the CLARITY Act passing. She said the SEC and CFTC were already working to provide regulatory clarity, allowing innovation and institutional adoption to continue
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