Andre Cronje Discusses Regulatory Challenges and Shifts in User Preferences

According to PANews, Andre Cronje, co-founder of Sonic Labs (formerly Fantom), shared insights on the X platform about his nearly two-year-long challenging discussions with regulatory bodies, including the U.S. Securities and Exchange Commission (SEC), despite adhering to all regulations. Cronje highlighted a shift in user preferences, noting that many now favor teams and products over immutable code. He concluded that builders face a tough decision: commit to decentralization and immutability, risking criticism, regulatory hurdles, and lack of rewards, or embrace corporatization, licensing, and controlled improvements to ensure ongoing progress.