CEX Investment Research Director: Regulatory Clarity is Driving the Transformation of the Crypto Industry into a New Pillar of Global Financial Infrastructure

On December 31, 2023, CEX Investment Research Director David Duong stated, “Although recent cryptocurrency price performance has been somewhat flat, this remains an extraordinary and transformative period for the crypto ecosystem. I believe that the core characteristic of this asset class continues to be the sustained acceleration of institutional adoption, along with a broader and more diverse investor base reshaping overall demand. In other words, the full potential of the crypto industry has yet to be fully unleashed. One of the key factors driving the industry’s shift from niche markets to a new pillar of global financial infrastructure is the continuously evolving regulatory environment. As global regulatory frameworks become clearer, the US is moving toward clarifying stablecoin regulation and market structure, while Europe is advancing and integrating the MiCA regulations. The ways in which institutions develop strategies, manage risks, and ensure compliance are undergoing fundamental changes. The direct result is that operational readiness is truly in place: clearer policy safeguards create practical conditions for product innovation, market maturity, and the deep integration of crypto into payment and settlement systems. This lays the foundation for the next phase of institutional adoption.”