Franklin

Richard

Canton

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.
Speaking at Token2049 in Singapore, Rooz said the industry should make blockchain so widely used that whatever happens in 2028, “there is no going back.” The next US presidential election, which could bring a change in administration and regulatory priorities, is scheduled for Nov. 7, 2028.&nbsp;
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.&nbsp;
The comments come after the CLARITY Act <a href="https://cointelegraph.com/news/us-senate-fails-to-advance-clarity-act" rel="noopener noreferrer nofollow">failed to advance in the Senate procedural vote in September</a>. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have <a href="https://cointelegraph.com/news/cftc-proposed-crypto-framework-failed-clarity-vote" rel="noopener noreferrer nofollow">pushed ahead with crypto regulations</a> under their existing authority.
<img src="https://s3-images.ctmedia.io/media/content/2026/10/01M4CV533X9VGAS4RVANT1PKH9/pasted-image-731.jpeg" alt="" width="1536" height="2048">
Digital Asset co-founder and CEO Yuval Rooz at Token2049.Source: Mirra Ridzuan/Cointelegraph
In the same Token2049 panel, Binance co-CEO Richard Teng said he hoped the CLARITY Act would still become law, arguing that legislation could prevent regulatory backtracking and encourage institutions to enter the market. He described the possibility of reversing current progress as “the biggest fear” for the industry.
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.
Related: <a href="https://cointelegraph.com/news/bitmine-ether-5-percent-supply-hard-cap" rel="noopener noreferrer nofollow">Bitmine sets 5% Ether supply ‘hard cap’ as accumulation target nears</a>

Crypto must cement adoption to withstand US policy shifts: Canton CEO

Cointelegraph

Other articles published on Oct 8, 2026

Greece proposes 10% crypto capital gains tax with €500 annual exemption

Gate Partners with Visa to Launch Crypto-linked Card Across 40+ Countries and Territories

Ripple x Canton Network

Europol Flags 30% Of Bitcoin Supply as Quantum Vulnerable

Ripple and Hyperliquid see investor interest while others struggle.

Cardano Price Prediction: Can ADA Hold $0.2493 With Peras News?

Join our free newsletter for daily crypto updates!