1confirmation founder: crony capitalism has become the biggest threat to the encryption industry in the United States

ChainCatcher

2025-01-26 13:13:26

ChainCatcher message, 1confirmation founder Nick Tomaino wrote that crony capitalism has become the biggest threat to the development of the encryption industry in the United States. Despite the continuous questioning of Ripple within the industry, there are still many individuals and companies actively lobbying the new government behind the scenes, attempting to influence policy-making to gain advantages. Tomaino emphasizes that while clear regulatory guidelines are important, the core should be to promote the free development of the industry, avoiding the destruction of the encryption industry in the United States due to favoring certain “cunning” projects.

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