Can the core value of Crypto Assets survive in regulation?

Crypto Assets are not only a technological revolution but also a spiritual belief. Therefore, amidst the tide of regulatory reforms, two completely different schools of thought have emerged in the industry: on one hand, there is a profound reflection on the core values of Crypto Assets, and on the other hand, there is an eager anticipation for new application scenarios.

To explore how to maintain the core values of the industry amidst regulatory reforms and the potential innovative opportunities that may arise under the new regulatory framework, I interviewed a group of senior experts who are about to speak at the "Consensus 2025" conference's grassroots regulatory forum. Below is a summary of their viewpoints.

How to Maintain the Core Values of Crypto in Regulatory Reform?

Multiple experts believe that personal freedom, autonomy, and decentralization are the core values of the Crypto Assets field. To ensure that these values are respected in regulation, we need:

1. Reconstruct the discussion framework to demonstrate that new technologies can better achieve the fundamental goals of existing laws. For example, eliminate human intermediaries through technology to fundamentally address asset custody risks.

2. Establish a policy framework to promote the development of blockchain technology through incentives for decentralization, allowing users to truly control their financial assets and digital property.

3. Define decentralization from a legal perspective, using methods such as the "control test" to seek regulatory exemptions or downgrades for the project.

4. Regulators gain a deep understanding of the underlying technical architecture and balance consumer protection with innovative development when formulating rules.

5. Learn from historical experience while maintaining an open attitude towards new business models, and establish targeted protective mechanisms.

Experts emphasize that the essence of the encryption ecosystem is a tool system that grows from the ground up, embodying the wisdom and creativity of countless individuals. This grassroots nature is what makes the spirit of encryption so compelling.

Has regulatory reform opened up new business opportunities?

Experts are cautiously optimistic about this:

1. Reasonable regulation helps to democratize capital access and popularize ecological participation, empowering individuals and small teams.

2. With the regulatory framework gradually becoming clearer, mainstream institutions have shown a significant increase in interest in blockchain technology.

3. New opportunities may emerge in areas such as decentralized artificial intelligence, digital identity protocols, and social media 3.0.

4. New organizational structures such as DAOs are expected to obtain legal status certification.

5. Regulatory Technology ( RegTech ) is facing historic opportunities and can reconstruct financial infrastructure through AI-driven automated compliance tools.

6. The encryption platform has inherent advantages in compliance, such as transparent ledgers, automated risk control, and tamper-proof audits.

7. The wave of stablecoins and asset tokenization contains huge potential, and future regulatory frameworks may trigger its large-scale application.

Experts believe that ideal regulation should be like a spring breeze and rain, promoting innovation while responding sensitively to new business models. The role of regulators should be to guard and adapt, rather than to overstep their bounds. Only within a clear regulatory sandbox can the potential for organizational innovation be fully unleashed.