What Industry Leaders Really Think
2025 wasn’t supposed to play out like this.
For years, people in the industry talked about the “big moment” as if it were guaranteed. The turning point. The chapter where crypto finally shook off the image of being a chaotic trading pit and settled into the role of a serious financial layer. And on paper, yeah, that moment arrived. New laws went through, Wall Street rolled out spot ETFs, stablecoins blew past every previous milestone, and RWAs went from a niche experiment to something everyone suddenly had an opinion about.
But living through it felt different.
The year had this constant push and pull. On one side, you could see genuine maturity taking shape: better rails, clearer rules, institutions that once watched from the…




