![Tron's Justin Sun Unveils Ultimate Recipe for Crypto Market Explosion](https://u.today/sites/default/files/styles/736x/public/2024-04/47430.jpg)
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Justin Sun, the founder of Tron Blockchain, has shared an unusual insight into what he believes can help take the broader crypto ecosystem to the next level. Moving on to the X platform, Justin Sun made a comment building on trends observed during the ongoing TOKEN2049 event in Dubai. Sun said the evolution of trading will require these trading platforms to focus on long-term growth rather than the short term.
According to Sun, it is also essential that crypto exchanges work with regulators and customers to create a gold standard that will benefit all stakeholders in the industry.
There have been a lot of drags in the crypto ecosystem for some time now, particularly regarding the relationship between the United States Securities and Exchange Commission (SEC) and the ecosystem's major trading platforms. From Binance In exchange for Coinbase Global Inc. and KuCoin, the SEC has recently filed different types of lawsuits against these companies.
While the SEC regulatory crackdown Recently reflected on decentralized exchanges (DEXs) like Uniswap, the leaders of these exchanges are fighting back with enormous resources. This type of regulatory battle, according to experts like Justin Sun, may not yield much in the long run.
Management of regulatory compliance
Industry leaders have been calling for a proper crypto regulatory framework for some time, and now find themselves in another major standoff with regulators. As the SEC Chairman continues to assert that existing laws apply to crypto, Coinbase has took the regulator to court for failing to provide the necessary advice.
Overall, there hasn't been much progress in the crypto regulatory landscape since Gary Gensler took the reins. One of the few options currently being explored is for Congress to intervene to help define the rules the commission and crypto exchanges can follow.