Tag: Crypto Conversations

Is There a Hidden Agenda Behind These New Crypto Laws? | Entrepreneur
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Recent crypto laws have sparked debate about their true political motivations. The GENIUS Act, signed on July 18, 2025, represents the cornerstone of the administration’s cryptocurrency strategy.

Officially, the initiative aims to remove excessive administrative barriers and legalize stablecoins – crypto assets backed by real American assets: dollars, treasury bonds or gold.

According to legislators, these coins should simplify transactions and position the United States as a global leader in digital finance. The administration has framed this legislation as part of a comprehensive strategy to enhance financial innovation while maintaining America’s economic leadership.

Understanding cryptocurrency laws in the U.S. requires looking beyond official narratives. The stablecoin market, currently valued at over $260 billion, is projected to reach $2 trillion by 2028 under this new regulatory framework. This explosive growth will fundamentally alter the financial landscape in ways that may not align with stated objectives.

Related: The Hidden Problems That Could Threaten Crypto’s Future

Who regulates crypto in the U.S.?

The question of who regulates cryptocurrency in the U.S. is becoming complex under the new legislation. The hidden agenda behind these laws appears to be weakening the Federal Reserve System’s control. As a reminder, the Fed, established in 1913, consists of twelve regional reserve banks and is considered a private structure independent of executive power.

The prerogative of issuing “national money” is firmly secured by the Fed, and attempts to interfere with its powers have invariably met with strong opposition. Understanding who regulates cryptocurrency in the U.S. reveals the political power struggle behind recent laws.

The new stablecoin law represents a half-measure, as it cannot solve the task of creating an alternative digital central bank. Instead, it allows private players to issue their own “money” backed by government securities, effectively fragmenting the Fed’s monopoly on emission.

Read More: People Really Only Care About These 3 Things at Work — Do You Offer Them?

Stablecoin influence as a tool for political influence

New stablecoin regulation allows private entities to issue currency-like assets backed by government securities. This represents a significant departure from traditional monetary policy, where currency issuance is tightly controlled by central banking authorities.

The approach to stablecoin regulation may fragment the Federal Reserve’s monopoly on currency issuance. By allowing private entities to create dollar-backed digital assets, the legislation effectively creates a parallel monetary system that operates under different rules and oversight.

Critics argue that current stablecoin regulation could create a shadow emission system outside traditional controls. This system could potentially undermine the Fed’s ability to implement monetary policy effectively and respond to economic crises.

Related: Why Institutional Investors Are Embracing Crypto–TradFi Partnerships

The political agenda driving recent legislation

The cryptocurrency political agenda behind recent legislation extends beyond promoting innovation. As a result, the U.S. economic system risks losing part of its budget revenues and deviating from its usual course. Businesses, having received the right to issue and use stablecoins, may begin to evade tax control and the stablecoins themselves, under unfavorable regulation, will depreciate and lose trust.

To understand the politics around crypto, you have to look at the power struggles between government institutions. Hidden money printing creates slower growth and shaky forecasts, which is risky in an election year when political pressure is already high.

Some in the crypto space even push for reducing the Federal Reserve’s control over monetary policy — a major change to the financial system that has shaped the U.S. for more than 100 years.

The potential consequences of these hidden agenda crypto laws include:
- Budget Revenue Loss: Reduced tax collection from cryptocurrency transactions compared to traditional financial operations.
- Monetary Policy Fragmentation: Multiple entities issuing dollar-backed assets could complicate coordinated monetary policy.
- Financial Stability Risks: A parallel financial system with different rules could introduce new systemic risks.
- Political Power Shifts: Reduction in Federal Reserve independence and increased executive branch influence over monetary policy.
- Economic Uncertainty: Potential for market volatility and reduced predictability during political transitions.
Analysts are questioning whether Trump’s crypto ventures are designed to weaken Federal Reserve control. The legislation creates a framework where private entities can issue dollar-backed assets with potentially less oversight than traditional banking institutions.

The Trump administration has framed its cryptocurrency laws as forward-looking reforms designed to position the U.S. as a leader in digital finance. But beneath that narrative lies a more complex political agenda. The legislation could reduce the Federal Reserve’s influence over monetary policy, introduce alternative currency-like instruments with favorable tax treatment and shift power among key financial institutions.

Related: This Trillion-Dollar Industry Is Where You Need to Look For Your Next Investment — Here’s Why

The full impact will only become clear over time. What is certain is that the effects will extend well beyond cryptocurrency markets, with the potential to reshape core elements of America’s financial and political order. The central question is whether these changes will bolster or weaken U.S. economic stability and global leadership. Understanding the implications requires looking past official narratives to the shifting power dynamics they conceal — only then can we judge whether the reforms serve the public good or narrower political aims.
Recent crypto laws have sparked debate about their true political motivations. The GENIUS Act, signed on July 18, 2025, represents the cornerstone of the administration’s cryptocurrency strategy.

Officially, the initiative aims to remove excessive administrative barriers and legalize stablecoins – crypto assets backed by real American assets: dollars, treasury bonds or gold.

According to legislators, these coins should simplify transactions and position the United States as a global leader in digital finance. The administration has framed this legislation as part of a comprehensive strategy to enhance financial innovation while maintaining America’s economic leadership.

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Vladimir Gorbunov

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August 25, 2025
The Tale of Two Super Bowls — How Crypto Startups Can Thrive in a Bear Market | Entrepreneur

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While you might expect anything to grow in the winter, it is not the same with the cryptocurrency market. Startups do, surprisingly, start, and some even flourish. In this article, we will address your pressing question: to launch your dream project during the seemingly barren crypto winters or to wait for a bull.

A crypto tale of two super bowls

There was, of course, a time of superabundant flourish for all of crypto — 2022 was one. Super Bowl 2022 saw a slew of ads from crypto companies. In fact, Super Bowl 2022 was nicknamed the “Crypto Bowl.” The reason for this was not difficult to figure out: it was the crypto bull market. There was a rising demand in the market powered by the increasing popularity of NFTs, meme tokens and the metaverse.

Fast forward to 2023, the market crashed — no thanks to Luna, FTX and the stiff crypto regulations that followed. There have been no Super Bowl crypto commercials this year, except for one misleading ad from an NFT-based game. The market’s image in 2023 starkly contrasted with what it was in 2022. Retail and institutional investors who embraced crypto last year didn’t want to touch it this time with a ten-foot pole. Crypto startups that once thrived struggled to stay afloat, while potential startups looking to enter the market now faced a dilemma: to launch or not to launch?

Related: Bear With Me: 3 Ways To Capitalize During the Crypto Winter

The dilemma of crypto winters

There is no right or wrong answer to the question: to launch or not? However, this article will provide perspectives to help potential founders decide. But first, we will have to flashback to 2009 – the origin of Bitcoin.

In the beginning, there was no market — When Satoshi Nakamoto created the first cryptocurrency, there was no crypto market. All the anonymous creator had was an idea that could solve global economic issues by democratizing finance. They were unsure of what to expect. Why would anyone believe, accept, and use a digital currency? Despite this and other valid concerns, Satoshi Nakamoto went ahead to create Bitcoin. And from that one currency, 25,794 coins and tokens (per data from CoinMarketCap) have been birthed.

Early currencies that followed Bitcoin, such as Ethereum, Litecoin and Ripple, stuck to the plot of innovating within the established democratized financial system. But this wasn’t the case with many of the thousands of projects afterward. These projects, especially after the 2017 crypto boom, went off script. From ICOs and IDOs to meme coins and NFTs, the crypto industry became a center for speculation. Users were not concerned about use cases; they kept hopping from project to project, looking to make quick profits. This is why new founders face the dilemma of crypto winters. Should they risk their new project failing because of the high fear index of the market, or should they just wait to ride on the wave of market hype, albeit temporarily?

Related: How should investors weather this ‘crypto winter’

Startups vs. crypto winters: The present dynamics

During bear markets, investors would rather stick with the few resilient projects they know and trust. New projects, even with viable utilities, may not get their attention if they do not see any quick way to profit from them.

This is why the founders of meme coins do not bother about offering utility. PEPE, for example, had no utility yet surged by about 7000% within days, reflecting how greed, not value, drives the crypto market.

But this is not to say that no utility-based projects have successfully launched during crypto winter. UniSwap is one such project. The decentralized crypto exchange launched in 2018 amid a rough bear market. But as of October 2022, the parent company, Uniswap Labs was worth $1.66 billion, controlled 64% of all DEX volumes, and the $UNI token had a market cap of over $5 billion. Users were able to see the project beyond temporary gains.

Solving the dilemma

I believe crypto winter is the best period to launch a crypto company or product. It is a period marked by less noise and less hype. A period to test the loyalty and sentiments of users or investors. However, the founder who wants to be successful during this period needs to fulfill two duties: (1) Have a viable product, and (2) Control the narrative.

Viable blockchain solutions stand a high chance of surviving crypto winters. Though the market is looking for the next cash machine, a utility-focused project would never capture the market’s attention.

Owning your story as a crypto startup

Often, founders who successfully navigate the crypto winter are those that control their narrative. They are those that do not let the market stamp them with the “get-rich-quick” tag. These projects continue to present themselves as utility-based and community-centric, even when the market wants otherwise.

Any founder can capture the attention of the market during bear markets. In fact, a bear market is a period where investors’ attention isn’t divided among the many projects displaying profitability simultaneously. So it is the best moment for startups to emerge provided that they are coming with unique crypto solutions. Once that’s settled, it becomes easy to sell their story to the market.

Hence, by focusing on viable products with utility and controlling the narrative, emerging crypto startups can increase their chances of success in an unpredictable crypto market.

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Vladimir Gorbunov

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July 5, 2023
Amidst a Regression, Here’s How Cryptocurrency Will Impact the Financial Sector | Entrepreneur
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The creation of cryptocurrency has brought a revolution to the financial market. Without any physical equivalent, a huge infrastructure was created in which billions of dollars were invested. Of course, it doesn’t end there. Digital currencies will take their place in economic history more than once.

There are severe preconditions for that, but they also have weaknesses. Let’s examine if we can expect crypto projects to replace the traditional banking system or if this is just an ever-optimistic vision.

Current crypto position in global finance

In most areas, traditional financial tools are still prevalent. Payments with cryptocurrencies are very complicated because there is insufficient infrastructure. Transfers to bank cards are available, but paying for purchases with crypto funds at the store is still impossible. The corporate segment is loosely involved in the crypto market, and people keep using classical bank loans and receiving a salary in the form of fiat money.

But that is the point of the enormous potential for the development of crypto, especially since it has several undeniable advantages:
1. Decentralization entails a lack of boundaries for financial operations and customer service, wherever they are. This is the most significant difference between the crypto market and the classic one, where some local restrictions often bind companies.
2. Crypto operations pass almost instantly, and the cost of billions of dollars in transfer can be cents. And all this without compromising safety!
3. There is a whole layer of people who already use cryptocurrency as storage for savings. One can keep money in a bank account, but there may be restrictions on its use. Keeping the cash could be a problem when exporting funds to other regions. Cryptocurrencies allow one to hold and manage money wherever the person is located.
4. It’s not yet possible to completely get rid of anonymity. This is at the same time, a strength and a weakness. A person can make transactions and maintain confidentiality in good order. But it may also be used by organizations raising funds for illegal operations. Conditions will be tightened; companies will be regulated. But there will still be space for actions that are difficult to track.
Related: 5 Tips for Using Cryptocurrency in Your Small Business

Such a much-needed regulation

It took the crypto market ten years to form. While it wasn’t huge, regulators didn’t get much attention. When the market has grown, some concerns have been raised. Almost anyone can create a website, pretend to be a crypto bank, then take all the money and just dissolve.

Not so long ago, the market suffered a collapse of Luna, Celsius and even FTX. People lost more than $100,000,000,000! Cryptocurrencies stopped being just toys. Therefore, regulators must keep track of assets and balances, how companies use them, and in which countries such services are provided. Сentralized services have legal entities, an understandable product in the territory of a particular region. Decentralized services may exist without a legal entity at all.

The crypto industry is set to be very much regulated in the next 3-4 years. Some companies will leave the market, and the remaining ones will be even stronger. There will be standards — in the first place — for central banks, various depositaries and requirements for opening an account and mandatory declaration of cryptocurrencies. A lot will happen in the decentralized part of the market, but a little more slowly because this sphere is much smaller in volume.

As long as it’s currently an unregulated arena, there are so many doubts and prejudices. But companies and people are going to realize in which system of coordinates they live and be legally able to keep, exchange, sell and issue cryptocurrencies.

Related: 5 Things to Know Before You Invest in Cryptocurrency

Skepticism and how to beat it

Most people perceive cryptocurrencies as an instrument to increase revenue — the truth of this may be growing quickly. But the market is much broader than tokens. Speaking of cryptocurrencies, here’s how they can be divided:
- Stablecoins that are pegged to fiat currencies: euro, dollar, yen, and so on.
- Cryptocurrencies that are tied to the tokenomics of some products. This is comparable to the release of the company to IPO: when it goes public, the value of shares depends on the company’s financial and production indicators. The better results, the more sales of tokens and the price.
- Digital assets that are pegged to any real objects. It’s so-called tokenization. Everything may be tokenized: art, metals, properties, etc. This is indeed an opportunity for centralized sales of products that couldn’t be split or sold before.
The same regulation will help to set aside skepticism about all the crypto mentioned above products. And when people realize that everything is strictly within the law, no funny business, they will begin to trust the market more.

Related: 5 Bear Market Lessons From a Crypto Entrepreneur

Expected changes in the coming decade

Over the next 10-15 years, cryptocurrencies will play a crucial role in most of the world, probably in the following directions:
- International settlements. Cryptocurrencies have a high level of transaction reliability, primarily through blockchain technology. It has already prevented many adverse events due to the possibility of rolling back operations. There are still many other technologies that are being created for more safety. So, it’s highly expected that transactions will become more convenient, transparent and less expensive.
- Сreating a CBDC. More than 20 countries already produce central bank digital currencies and follow a path to complete untethering of classic money. Thus, wide-ranging opportunities open up to expand control for states and banks worldwide. Most of them will switch to using CBDC and blockchain in conducting transactions. As for ordinary people, it’s impossible to say unequivocally if it’s good or not.
- Replacement of traditional banking. The rapid development of crypto technologies ensures the provision of services by companies worldwide and the ability to become financial institutions for many of them. So far, such companies don’t provide services related to lending, deposits, various crypto accounts, and transactions. There are a lot of platforms with millions or even tens of millions of users. But, if we look at total cryptocurrency’s penetration, obviously that it’s a privilege of just 3-4% of the population. Banks will go over to the side of crypto technologies or leave the market.
The active audience of the crypto market is quickly growing, and there is no button or ‘reverse gear’ that can stop its development. However, you must not expect that regular money will cease to exist several years later. But it is quite real that our children will increasingly use cryptocurrencies in their youth.
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Vladimir Gorbunov

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May 3, 2023
What Happened to FTX, Why is Crypto Tanking and What is The Future of Web3?
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FTX today. Celsius and BlockFi yesterday. A seemingly unending upheaval of “crypto giants” who have ultimately failed to protect consumers, breaking trust in the developing world of Web3. Why does this keep happening, and will there be more?

First, the “why?” and then “who’s next?” (the short answer is ‘yes’ there will be more).

Why do these cryptocurrency giants keep falling apart? The answer is a combination of greed and incompetence on the part of crypto exchanges and lenders combined with improper (or lack of) regulation. It all comes down to “balance sheet assets.”

Related: ‘I’m Sorry. That’s The Biggest Thing.’ Sam Bankman-Fried and Cryptoworld Lose Big in FTX Meltdown, Company Files For Bankruptcy.

Why balance sheet assets matter

In the US, we see crypto exchanges and others obtaining simple money-transmitter licenses and holding investor assets (cash, crypto, securities, NFTs, etc.) on their balance sheets. Offshore, these entities have either no licenses or money-transmitter-type licenses that permit them to hold customer assets on the balance sheet. This means those assets are the exchange’s property (or lender’s) property.

The customer’s assets become unsecured liabilities on that balance sheet. Now, since these are company assets, the company can use those for its benefit. They can lend them, invest them and do other things to juice corporate returns, which can go down in flames. And if a company goes out of business, others may have a superior claim on those assets over investors, including the government (taxes, fines), debt holders, and secured vendors. Customers get whatever might be left — if anything.

Related: Celsius Network Files For Bankruptcy, Customers Unlikely to Get Money Back

Balance sheets and FTX

In the case of FTX, they are short $10 billion, which means that they made investments with the assets on the balance sheet to try and make money for the company (not the customers.) Then those investments went south, and there aren’t enough assets to cover investor accounts (unsecured liabilities on the balance sheet).

The CEO said, “I’m sorry, I f***’d up,” which is true to the tune of $10 billion but never should have been permitted by regulation in the first place.

Regulated entities that hold customer assets

There are three types of “qualified” custodians — or firms that are regulated and required to take care of their customers:
1. Trust companies
2. Banks
3. Clearing brokers
Trust companies and clearing brokers can NOT hold customer assets on their balance sheets. They must keep them “FBO” (for the benefit of) customers. This means they can not comingle customer cash or other assets with company cash or assets. They have to be segregated. They can not be used or misused. And no third-party creditors have any claim on them.

If a trust company or clearing broker fails, their regulator ensures an orderly transfer of assets to another financial institution. 100% of assets.

Banks can hold customer assets on their balance sheet and invest them in making profits. This includes lending, stocks, bonds, life insurance pre-funds, credit card advances, letters of credit, etc., all using customer assets. If a bank makes terrible investments and fails, then, in this case, the FDIC steps in and makes up the difference between assets on the bank’s balance sheet vs. customer liabilities (up to $250,000).

This is why the FDIC has onerous regulations on what banks can and cannot invest in and how much of their balance sheet they can invest into any particular thing, no matter how good it seems. It is tightly restricted, controlled and regulated.

Related: 6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies

Regulated entities and non-traditional assets

Clearing brokers generally don’t hold private securities or tokenized assets (including cryptocurrency). There are a variety of deliberate and nuanced regulations that make it impractical for them to do this. Banks can not hold tokenized assets on their balance sheets, only in their trusts. While very few of those have the common forms of cryptocurrency (Bitcoin, Ethereum), none hold the vast array of cryptocurrency, private securities, real estate interests or tokens representing rewards programs, health care records, event tickets, collectibles, etc. That leaves trust companies as the only qualified custodian.

Money transmitters — a risky regulatory loophole

There is currently a regulatory loophole resulting in billions of dollars in consumer losses. A money transmitter is a state-by-state licensed entity originally intended for firms moving small amounts of cash point-to-point between people (which might temporarily land in the money transmitter’s account).

Money transmitters carry these customer assets on their balance sheet instead of trust companies and clearing brokers who do not. Thus, the crypto industry has leveraged this loophole to get “licenses,” enabling them to hold assets on their balance sheets, and they can do stupid things with other people’s money. The regulation allows for this behavior.

So, who is next?

Ah, the multi-billion dollar question. There will be others. FTX is a giant shoe, as were Celsius and BlockFi. Brace yourself for more. By way of example, let’s talk about Coinbase.

Coinbase issued a statement saying, “a note to the financial statements explains that as of June 2022, Coinbase has taken all customer assets onto its own balance sheet… it still has $12bn of its own and customers’ cash (both on its balance sheet).”

The first thing that hit me when I read that was, “why the heck would they do that?!” They own a trust company, so why wouldn’t they keep all customer cash and crypto at their trust company to ensure it’s safeguarded and protected? Why would they put all those assets on the exchange, which only has money-transmitter licenses?

I can only imagine that they can’t use other people’s money and crypto for their benefit if it’s at the trust company, but only if it’s at the exchange. Maybe there is something else, but I don’t see it. So the natural question is, “what exactly are they doing with those customer assets?” Possibly no different than what FTX was doing, maybe not. Without proper regulation, we can’t know for sure.

Related: The US Government Monitors Crypto Markets as FTX’s Saga Continues to Unfold

They might claim the assets are protected under UCC Article 8. Still, my understanding is that the protection is meant to apply to securities and, even then, attempts to put customer balance sheet liabilities ahead of other creditors on available assets in the event of company failure. It does not prevent the company from using customer cash and assets for its own interests and potentially losing those (like FTX.) So Article 8 wouldn’t matter much even if it is held to be applicable in a disaster scenario.

And others?

Yes, any firm operating as a simple money transmitter, what I call a pseudo-custodian, is capable of doing these things — which is all crypto exchanges that don’t use a trust company, whether their own or independent, all crypto lenders, etc.

I respect the teams at Coinbase, Binance.us, Zero Hash, Bittrex, and other such money transmitters. I have no idea if they’ve used or misused customer assets or done anything intentionally ignorant or wrong. Maybe they are being as safe as they know how. But when you are permitted by lax regulation to use customer assets for your benefit, greed almost always prevails.

Related: White House on Crypto: More Oversight is Needed to Avoid ‘Harming’ Americans

Protect yourself and your customers

How? Easy. If you have cash, crypto, NFTs, or other assets at any of these pseudo-custodians who operate with money-transmitter licenses, get it out of there. Now. Right now. Move it to a qualified custodian or self-custody. If you are a business working to bring crypto, digital assets, or other Web3 initiatives to your customers: only partner with a qualified custodian.

Related: Solana Feels Ripple Effect of the FTX Collapse, Crypto.com Halts Solana, USDC and USDT Withdrawals and Deposits

Next steps for the industry

Regulation is (finally) coming. Legislation is coming. We, as an industry, don’t want another Dodd-Frank or Sarbanes-Oxley knee-jerk reaction that overcorrects a problem. The CEO of Fortress Trust, Albert Forkner is going out to work with members of Congress, including Senators Lummis and Gillibrand and Representatives McHenry and Waters, as they craft legislation. They will also work with the SEC, CFTC, CFPB and other government agencies on sensible regulation.

In the meantime, we’re advocating for the states to modify their money-transmitter regulations to immediately retract and cancel licenses from any out-of-state entity other than trust companies, banks and clearing brokers.

Regulation leads to the blue ocean for Web3

Not in the slightest. The tokenization of rewards programs, real estate, healthcare records, insurance receivables, securities, event tickets, estate records, music, film, sports, photography, books, art and everything else electronic in the world is continuing without delay. These things — tokenized — so the blockchain acts as the ledger of record, are not cryptocurrency. Every company has Web3 initiatives, which will utterly transform the world as the internet did beforehand. Blue ocean continues for those in this space working to build for scale.
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Scott Purcell

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November 14, 2022
The Benefits of Crypto Education for Your Business

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In 2022, the cryptocurrency market shuddered literally in all directions. Crypto‘s market cap fell below $1 trillion, and Bitcoin dropped 65% from an all-time high. But despite these circumstances, a new report from blockchain intelligence firm Chainlaysis has found that crypto adoption has slowed less than expected despite a bearish start of the year for the cryptocurrency market. In fact, it’s still above pre-bull market levels from 2019.

Some countries dominating the adoption index have different socioeconomic situations, from lower middle income to above median income and high incomes. Some of the countries include Vietnam, the Philippines, Ukraine, India, Brazil, Colombia, Ecuador, Thailand, The United States and The United Kingdom.

Data suggest that people, startups and large companies have stuck with cryptocurrencies and blockchain despite the crypto winter. They continue to pour significant portions of capital into digital assets and their underlying technology. And no surprise: blockchain offers numerous advantages and benefits not only to individuals but also to entrepreneurs and businesses from different industries.

The benefits that crypto and blockchain bring to the table can become an effective solution for some of the pain spots for today’s businesses and their customers, but this requires extensive crypto education.

Related: How Crypto Education Can Boost the FinTech Industry

What Is cryptocurrency?

The most popular Google searches about cryptocurrencies are: “what is cryptocurrency,” “how to invest in crypto,” “how does crypto work,” etc. After almost 15 years since being created, there’s still a lack of educational content and resources for people and institutions to understand and adopt cryptocurrencies and blockchain technology.

This lack of crypto education leads people to make uninformed decisions when investing in cryptocurrencies, usually ending in a somewhat worse performance than they initially thought. For example, a recent survey shows that almost 50% of Americans who have invested in crypto say it has “done worse than expected.” Despite this, over 60% of US parents believe children should learn about cryptocurrency in schools.

Related: 5 Things to Know Before You Invest in Cryptocurrency

Why crypto education is necessary for crypto adoption

To reach mass-scale adoption, it’s necessary to spread financial literacy for crypto assets and blockchain education to understand how this technology and the overall crypto space work —and make education more accessible.

A more educated user is less likely to fall for the usual traps in the crypto world, such as rug pulls or phishing scams. Businesses can benefit from exploring and adopting blockchain technology and avoid certain pain spots.

For instance, the immutable nature of blockchain doesn’t allow chargeback; transactions are instant and irreversible. And chargeback is often used as a tool to commit friendly fraud, a significant pain for merchants due to false positives, operation costs, chargeback fees, and fines, which had caused small and mid-size businesses to spend over $35 billion in 2021.

Should businesses be crypto-educated?

Businesses can scale internationally via low-cost and fast international payments using cross-border blockchain-based solutions. Moreover, the Ethereum Merge signifies a significant step for the blockchain to become more scalable, cost-efficient, and energy-efficient for its users and enterprises seeking to build on its ecosystem.

The Merge successfully transitioned Ethereum from proof-of-work (PoW) to proof-of-stake (PoS). This means the network doesn’t need to rely on miners to create and validate transaction blocks but on a set of network nodes that stake ETH to validate and create those blocks, reducing energy consumption by 99%.

Related: It’s Time To Get Interested In Ethereum Again

How are institutions and universities spreading crypto education?

Luckily enough, numerous initiatives are being taken by crypto institutions, universities and even countries across the globe, not only on a financial level but on a technical level as well. Popular examples of universities are the Royal Melbourne Institute of Technology, and the Massachusetts Institute of Technology (MIT). From an early age, crypto education should be accessible to everyone interested in this sector. It will guarantee future prosperity and accelerated adoption. Global universities can help society to get educated about crypto.

Blockchain firms are also funding numerous universities to help accelerate research and growth. Other examples are the Algorand Foundation, which invested over $50 million in funding for a virtual research program.

As mentioned earlier, the Philippines is one of the leading countries in the crypto adoption rate, and one of the main reasons is that nearly 80% of Filipinos are unbanked. Philippine universities will offer free courses on Bitcoin and other cryptocurrencies after a senate hearing discusses financial inclusion and regulatory frameworks for the country.

Several crypto institutions offer vast educational content on all things crypto. These and other companies also provide training courses and interactive videos where people can learn about crypto and earn rewards by completing quizzes.

Lack of crypto education prevents mass adoption

The lack of crypto education is what hinders crypto adoption after almost 15 years of being created. The good side of the story is that institutions are taking numerous initiatives, firms, universities, and countries worldwide. The next two or three years are primordial to massively spread crypto and blockchain education and resources so users, developers, startups, and businesses of all sizes can start investing in it too.

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Fuad Fatullaev

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October 26, 2022