Part 2/9:
Trust is the key word here. With a solid regulatory framework, businesses are better positioned to create services and solutions that thrive in a trust-rich environment. Carl highlights the multifaceted nature of regulation, underlining the critical role of government in shaping policy frameworks. However, he also points out that the ecosystem itself plays a significant role in influencing the feasibility of regulations, advocating for public-private partnerships as a means to bridge the gap between regulators and digital asset entities.