Crypto vs. Regulators: Which Crypto Projects Have Emerged on Top After Scrutiny From Regulators?

With the advent of cryptos trying to creep into the mainstream, many institutions have taken up ownership of digital assets. This influx of investors has seen the crypto market cap grow to the current market cap; of $1.05T. Despite this rise, several issues have plagued the industry, with governments taking initiatives to address them via regulation. Of these issues, fraud and security have become key areas of concern for most governments. Thus, to stabilize the sector, governments have put down policies to regulate the industry.

The Regulation Winning Projects 

The crypto market has experienced its largest crash in the last few months. Analysts suggest the market plunge stems from several underlying issues digital assets face. As a result, more regulation has been called for as more governments move to formulate and implement policies. However, while currently trending in the crypto world, regulation has been an issue since the inception of cryptos. As more projects speedily rolled out, governments were concerned with the risks associated with crypto use. The introduction of new policies has led to some changes in the crypto market, both positive and negative. 

Following the move by governments to create and enforce policies, opportunities became apparent. As a result, some crypto projects have risen to occupy the space created. These projects have capitalized on the shifting tides to climb up the ranks and become critical players in the crypto sector. These projects include Apostro, Xage Security, Ripple, and The Illinois Blockchain Initiative.

The regulation stance regulators have taken has seen some crypto projects stagger as others push through the scrutiny to stand tall. In this explainer, we will discuss the biggest’ winners’ of the crypto regulation and the biggest winners of the regulation wave

Apostro

Apostro is a new entry into the crypto scene, having been started in April 2022. Created on the Solana blockchain, the project seeks to address security issues facing cryptos. The platform specializes in cyber security; risk management, a key area for blockchain technology that uses smart contracts. In the recent past, many projects have lost funds through hacks. In most cases, hackers exploited loopholes in smart contracts, using them to get away with millions of dollars. These occurrences proved the need for cybersecurity professionals in the crypto space.

Apostro offers a new approach to DeFi security by borrowing and implementing the best management practices and tools from traditional finance. Under the stewardship of Tim Ismiliaev, Apostro’s CTO and founder, the company will provide clients with cybersecurity services. Drawing from the founder’s extensive knowledge and experience in the security sector, the platform will help manage risks by addressing vulnerabilities in DeFi systems and security audits for DeFi. 

The platform will also alleviate general crypto security by securing financial transactions and managing risk when investing in crypto projects. Apostro will achieve these outcomes by using economic restrictions in order to prevent the exploitation of smart contracts. These features alone make the platform a lucrative fixture in the future of crypto. As things stand, the platform has already seen a steady rise in Poland.

NEAR

NEAR is another blockchain-based solution targeting the vacancy available in the crypto space. Since the mainstream inception of bitcoin in 2009, digital tokens have been touted as a bane of energy use. The tokens’ initial Proof-of-work system led to an energy deficit that contributed to outright bans of cryptos in some countries. In other countries, such as the US, governments have taken steps to manage this energy deficit. This scrutiny has mainly faced bitcoin and Ethereum, the largest components of the crypto market. Thus, crypto projects with less energy demands are now favorable alternatives under this outlook. 

NEAR is a scaling platform that has capitalized on the web3 functionality to meet the needs of innovators. Dubbed as a foundation of creation, the platform provides many developer tools in a robust infrastructure backed by an engaged decentralized community. These features have led to speculations about the platform becoming the next Ethereum as the platform packs quite the punch. Under this pretext, NEAR has met users’ needs while leaving little to no carbon footprint. As a result, the platform may get the credit it deserves as more environmentally-oriented policies are formulated. 

Circle 

Circle is another crypto project that aims to fill a vacuum within the crypto space. Since the inception of cryptos in the last decade, compatibility has been one of the thorniest issues to crack. Following the emergence of thousands of cryptocurrencies, a universal payment system was necessary as the years went on. Due to the many cryptos in circulation, there was a need for a single payment system that accepts any payment forms. This method was flexible enough to meet users’ needs amidst an evolving crypto ecosystem. Additionally, government policies and investors’ behavior have also tied cryptos to the traditional finance system. Under this pretext, the cryptos become more mainstream as time goes by.

Thus, due to the need for a flexible, multi-faceted system, Circle was created. This project acts as a bridge that allows users to have a payment solution that brings everything under one roof. By using a unified API, payments can be made from both traditional and digital methods. Users of the platform will be able to pay using bank transfers, credit cards, and blockchain rails popularly used across the internet. The platform will allow users to make payments from USDC-compatible wallets such as Atomic wallet and BitGo. The platform has already gained support from platforms such as Fonbank, and Bigtime™, which use it for payments. Thus, given the policy direction, the platform is set to have an even brighter future as crypto uptake increases.

Bottom Line

As time goes by, governments are sure to mint out more policies. Thus, as a result, some changes will occur in the crypto space. These changes will mostly concern three areas; security, the environment, and financial stability. Thus, with this in mind, the projects above are predictably set to gain traction. The projects have a high potential in the current crypto world and even more in the future. However, given that their success is banking on timely policy-making, only time will tell how explosive their growth will become.