I've been thinking a lot about how far the conversation around blockchain has come in just four years.
Comparing Money20/20 USA 2021 to this year's 2025 conference, the difference is striking. Back then, blockchain sat on the fringe of fintech - 2021 was peak
"degen" culture and risk-on exuberance, fueled by unprecedented QE liquidity.
This year, with frameworks like the GENIUS Act and a growing regulatory focus, the narrative feels different.
The tone has shifted from speculation to strategy.
In my latest piece for The RWA Ledger, I explore how blockchain's role is quietly solidifying across financial services and payments, with the focus now being on regulatory clarity — and ask whether this year's Money 20/20 offered the clearest signal yet that the technology has reached its institutional inflection point.
I've been thinking a lot about how far the conversation around blockchain has come in just four years.
Comparing Money20/20 USA 2021 to this year's 2025 conference, the difference is striking. Back then, blockchain sat on the fringe of fintech - 2021 was peak
"degen" culture and risk-on exuberance, fueled by unprecedented QE liquidity.
This year, with frameworks like the GENIUS Act and a growing regulatory focus, the narrative feels different.
The tone has shifted from speculation to strategy.
In my latest piece for The RWA Ledger, I explore how blockchain's role is quietly solidifying across financial services and payments, with the focus now being on regulatory clarity — and ask whether this year's Money 20/20 offered the clearest signal yet that the technology has reached its institutional inflection point.