Clarity bill [Photo: Reve AI]

The crypto industry should broaden blockchain adoption now and push it to a level that is hard to reverse to prepare for a possible change of administration in the United States, a claim has emerged.

Cointelegraph, a blockchain media outlet, reported on Wednesday that Yuval Rooz (유발 루즈), co-founder and CEO of Canton (CC) developer Digital Asset, said at Token2049 in Singapore that the industry should use the current regulatory environment to accelerate institutional adoption.

Rooz stressed that the industry should make blockchain widely used infrastructure before the 2028 U.S. presidential election. "Whatever happens in 2028, we have to make it impossible to go back," he said.

The next U.S. presidential election is scheduled for Nov. 7, 2028, and the remarks reflect the view that crypto regulatory priorities and policy direction could also change if the administration changes.

He compared the strategy for spreading blockchain to Uber and Airbnb. He said both services became deeply entrenched in the market before policymakers began moving in earnest to restrict them. "By the time people woke up and decided they needed to stop those companies through legislation, it was already too late," Rooz said. He argued that once real-world use becomes established ahead of policy, the chance of a later regulatory rollback is lower.

The remarks came after the U.S. Clarity bill failed to clear a Senate procedural vote in September. While legislation has been delayed, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are continuing to push ahead with crypto regulatory revisions under their existing authority.

Richard Teng, Binance co-CEO who took part in the same panel, said he still expected legislation on the Clarity bill. He said codification could prevent regulatory backtracking and speed institutional money entering the market. He also called the possibility of reversing current progress the industry's "biggest fear".

By contrast, Franklin Templeton CEO Jenny Johnson said legislation could provide greater certainty, but drew a line at relying only on passage of the Clarity bill. "The SEC and CFTC are already working to increase regulatory clarity, and innovation and institutional adoption can continue in that process," Johnson said.

Taken together, industry comments suggest the key issue is how quickly the market takes hold, ahead of whether legislation succeeds. There is a view that while laws could increase institutional stability, if real use cases and institutional participation do not grow enough, the market could be shaken again by a change of administration or shifts in regulatory stance.

Against that backdrop, speakers at Token2049 repeatedly delivered a message that blockchain should be expanded as a foundation for real use by the financial sector, separate from regulatory system-building. With institutionalisation progressing under regulators' existing authority even as the U.S. regulatory framework is not fully settled, the next points to watch are whether the bill is pushed again and how fast institutional adoption continues.

Keyword

#Token2049 #Digital Asset #Clarity bill #SEC #CFTC
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