PANews reported on December 21 that, according to Decrypt, Danny Ryan, co-founder of institutional marketing firm Etherealize, stated that President Trump's perceived conflict of interest in the crypto space is hindering relevant legislation and could lead to a backlash against the industry after he leaves office. Cryptocurrencies need to prove their utility and necessity to avoid this. Ryan believes that if cryptocurrencies can deeply integrate into the financial system, any backlash will be more of a "reshaping" than a destruction.