CZ said that the progress of crypto payments is much slower than he expected. He thought that now everyone should be widely using cryptocurrencies for transactions, but that’s not the case. Many merchants are completely unaware that this thing can be as convenient as Visa. On the other hand, the pace of traditional financial institutions entering the market in the U.S. has far exceeded expectations. During Biden’s presidency, the SEC sued a large wave of crypto projects, resulting in few truly practical applications being developed, and people turned to trading Meme coins. Now the environment is starting to loosen, and CZ hopes that crypto regulations will be passed quickly so that development can fill the gaps.