Andre Cronje sees a ‘necessity for regulation’ ahead of crypto’s new era
2022.04.19 02:10
Andre Cronje sees a ‘necessity for regulation’ ahead of crypto’s new era
Andre Cronje, former Fantom Foundation technical adviser and Yearn.finance founder, resurfaced on Monday via Medium after announcing his departure from the DeFi and crypto space last month. In a post titled “The rise and fall of crypto culture,” Cronje expressed his lamentations of crypto culture as he called for increased regulation and legislation in the industry.
When Cronje and his colleague Anton Nell tweeted about the fate of all the applications and services they had built, they offered no other details as to their personal motivations. They even proceeded to deactivate their Twitter (NYSE:TWTR) accounts on March 6. Now, readers of Cronje’s words can surmise that these two partners were going through some sort of ethical crisis. The opening and closing refrain, “Crypto is dead. Long live Crypto,” illustrates his ambivalence of emotions when it comes to the future of crypto.
