crypto
02

Startups face legal maze, no clear path forward

Without exemptions, founders navigate conflicting SEC/CFTC guidance. Many resort to offshore incorporation or bootstrapping instead.

crypto
03

Venture capital waiting for White House policy signal

Top VCs pulled back from token funding. They're monitoring Trump administration stance before deploying capital at seed stage.

crypto
04

DeFi protocols sidestep the problem entirely

Established projects bypass securities concerns by letting markets set token value without centralized fundraising. No regulatory clarity needed.

crypto
05

Regulatory delay burns startup runway fast

Legal fees mount each month without clarity. 18-month runway budgets may deplete before Regulation Crypto vote happens.

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