In brief
- President Trump’s perceived crypto conflicts of interest have stood in the way of legislation, and may result in backlash against the industry once he loses office, some industry observers believe.
- Danny Ryan, co-founder of institutional marketing firm Etherealize, said that crypto needs to prove itself as useful and essential before this happens.
- If crypto can embed itself deep into the financial system, Ryan believes, then any backlash will be more like “re-sculpting” than destroying progress.
Donald Trump has been branded a pro-crypto president, thanks to his administration’s passage of crypto legislation. However, some industry observers say his personal stake in the future of crypto—via companies the Trump family has…
