The BP CEO's comments got me thinking about the industry in a new light. If Backpack's exploration of a compliant model in the US stock market actually works, could it spark the next bull run?
For a long time, the crypto space has seen "decentralization" and regulatory compliance as opposites. But the reality is, without a regulatory framework, institutional money is hesitant to enter the market in a big way, and regular users find it hard to participate with true confidence. Backpack's attempt this time is, in a sense, exploring a middle ground—retaining the unique characteristics of crypto assets while integrating into the traditional financial compliance system.
If this pathway proves successful, it might not just benefit Backpack itself; the whole altcoin sector could welcome a new valuation logic. After all, with a compliant bridge, the crypto market can truly expand its pool.
Do you think compliance will be the key variable to kick off a new cycle?
#Backpack #crypto compliance