Penterra Capital Co-Founder: Crypto Industry Doesn't Need Congress

Penterra Capital co-founder and managing partner Dan Morehead said in a CNBC interview that "the cryptocurrency industry does not need Congress. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are already implementing what would be included in clarity legislation." He added, "We are optimistic about Solana more than Ethereum, though both blockchains are valid. In the long term, we expect dozens of major blockchains to emerge."