Part 11/14:
Ryan advocates for regulatory clarity but criticizes U.S. regulators like Gensler for regime uncertainty, which hampers innovation and investor confidence. He notes that futures-based ETFs are more accepted due to CFTC oversight, but spot ETFs are stalled, effectively delaying broader institutional participation.
He calls for regulatory innovation—such as “safe harbor” provisions for tokens—to foster a healthier ecosystem. Ryan warns that regulation might serve political or control interests, pointing to Gensler’s intentions as "hostage-taking" aimed at consolidating oversight.