According to BlockBeats, on September 13, BlockBeats reported from the Token2049 front line that Bullish CEO Tom Farley said at the roundtable discussion of "The Path Ahead for Crypto as an Asset Class" at Toen2049 in Singapore: "The current situation in the digital asset field is not as bad as when FTX collapsed, but let us not fool ourselves. The situation is not good, making money is difficult, and we all hope to see more innovation. But I am a firm supporter of Bitcoin, I firmly believe in blockchain, and I also firmly believe in blockchain technology in general and a lot of things happening in the field. However, I feel like an old man at this conference. Everyone is talking about decentralization, but what I see is that over time, the industry has become more and more dependent on the US dollar. Not even other currencies, but the US dollar. No matter where you trade in the world, the US dollar is centralized, and it is controlled by the Federal Reserve. Are we back to the era of algorithmic stablecoins, or is this stablecoin dependent on the US dollar? Yes, it is dependent on the US dollar. So we need to find a way to get along with the centralized world in order to realize the vision of decentralization in the next 5 to 15 years. But the trading platform industry is not run in a way that gets along with the centralized world, the regulated world, the federal government, so Bullish is focused on running the business like an adult, telling your customers how much cash reserves you have, doing audits, being transparent about who owns the company, where is it regulated? What are the risk management practices? This is not something that has been going on in the digital asset space. I just attended a launch event where there was a discussion about the world's leading trading platforms, I won't say which ones, but the world's leading trading platforms are still riddled with a lot of fake volume to this day. There was also a discussion going on about the leaders of these trading platforms that may be in trouble."