TechFlow News: On March 10, JackYi, founder of Liquid Capital, stated that the decline in innovation within the crypto industry stems from two factors: first, the previous U.S. administration’s tightening of regulatory policy; and second, Binance’s requirement for projects to impose a 1–3 year lock-up period on crypto venture capital (VC) investments. He argued that this mechanism incentivizes project teams, market makers, and exchanges to prioritize liquidity exit, while VCs are effectively wiped out during the lengthy unlock period—contradicting conventional investment-market logic. Ultimately, this has led to the collective demise of crypto VCs, difficulties for high-quality founders in raising funds, and reduced industry innovation. JackYi urged CZ to establish better exit mechanisms for crypto VCs.
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