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Figment CEO: Changes in US regulation are Favourable Information for Ethereum and the overall encryption industry.
Odaily News The co-founder and CEO of staking service provider Figment, Lorien Gabel, stated in an interview with Bloomberg that changes in the U.S. regulatory environment are positive signals for Ethereum and the entire encryption industry, especially the passage of the market structure bill, which helps clarify Ethereum's role and use cases. He pointed out that stablecoin volume has reached record highs, and the improvement in Ethereum's transaction processing capacity provides support for a bullish price outlook. Additionally, he emphasized the critical role of the staking mechanism in the Ethereum network and believes that encryption technology offers a bottom-up alternative path for the financial system, which is becoming increasingly clear under the management of the new government. He also noted that crypto assets are gradually addressing some of the risks present in the TradFi system. (Bloomberg)