What a twist—Tally is shutting down, and its CEO is directly saying that crypto was better under Gensler and Biden. Like, at least there was some predictability in policy back then, but now it’s completely unclear what to expect from regulators. The DAO platform was pretty solid, but apparently, given the current conditions, keeping it running has simply become unprofitable.

It’s honestly pretty symbolic—when even people who worked in crypto are nostalgic for the previous administration. That means the regulatory situation has really escalated. I wonder how many more projects will close down before some clarity on policy is established?

I noticed that CoinDesk is covering it as it should be—without any sugarcoating, with references to sources. Even though they’re part of Bullish, editorial independence seems to be upheld.