Following the U.S. Presidential Election, Paul Brody from EY emphasizes that blockchain's success hinges on competition. He likens its journey to that of VoIP, which thrived due to deregulation over two decades. However, regulatory constraints, especially from the SEC under Chair Gary Gensler, have significantly stifled cryptocurrency development. Despite Trump’s potential policy changes favoring the industry, the crypto sector must remain vigilant and proactive in pushing for deregulation. The dominance of the SEC poses a challenge, as its fundamental interests may conflict with cryptocurrency's growth. Historically, the costs of compliance and public capital market access have been prohibitive for smaller businesses, yet crypto has created new avenues for funding with less restrictive barriers. The article argues for a dual approach: increasing retail adoption to build consumer indispensability and collaborating with legislators to embed cryptocurrency regulation into law. This two-pronged strategy aims to secure a more favorable regulatory landscape that protects and promotes the crypto industry for the foreseeable future.

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