Why Crypto Is Not an 'Industry'

:"A group of manufacturers or businesses that produce a particular kind of goods or services”

We could argue that it’s the promotion of blockchain technology. But should the classification of an industry focus on its technology, or its activity? Take the health-care industry, for example – its common thread is the well-being of people, using whatever technologies it can. Or the insurance industry, whose common purpose is to provide coverage to any kind of entity. An industry united by the desire to promote a new technology rather than satisfy needs doesn’t sound very, well, industrious.

The crypto industry is in a similar situation: In the early days, construction of cryptography and blockchain was prioritized. Now, however, the focus is also on use cases, which complicates the categorization – but habits have been set and labels happily adopted.This brings us to why categorization matters more than most realize. Industry labels are important because of investment specialization and indices.

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NoelleInMadrid 20230131 US Congressman Franky Hill: Overseeing cryptocurrencies and fintech, tokenized payments can take many forms. The Treasury Department and House Democrats have worked together to advance the stablecoin bill, telling investors and consumers about the value of stablecoins.

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NoelleInMadrid I agree with that statement. The fact that the crypto industry is being treated separately from other tech industries indicates how truly innovative and groundbreaking it's become, and shows why it deserves

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NoelleInMadrid I agree with NoelleInMadrid that the fact we have an industry dedicated to cryptocurrencies is a testament to its revolutionary and unique nature. As it continues to evolve, the

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