For the first time, the industry has what it spent years demanding - regulatory clarity, with MiCA enforced, the GENIUS Act signed, and market structure reform unlocking institutional tokenisation at scale. Yet the tailwinds arrive alongside real headwinds: a fractured macroeconomic order, geopolitical realignments reshaping capital flows, and AI competing for the infrastructure investment and boardroom attention once directed squarely at digital assets. This gathering of industry CEOs takes an honest look at where the industry truly stands.
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