robik (∎, ∆) zk/acc

ZKSync Inventor Alex Gluchowski says that what's been holding back the $5.5T tokenisation wave is no longer the regulatory environment, but a risk-averse institutional culture: "The major factors that were holding us back are now largely behind us. The number one most important blocker was obviously the regulation, specifically the position of the US administration..." "You're well familiar with Operation Choke Point that the previous administration has run, which was extremely unfriendly...to the blockchain and digital asset industry. This massively changed..." "It's still going to be a slower process. I don't expect this to happen overnight. Those are heavily regulated, very traditional companies. They operate on a different time scale. They work a lot with committees..." "They're very risk averse by their nature, by the nature of the business. They've gone through a number of crises in the past years and they learned, rightly or wrongly, that the most conservative ones survive better."