According to @jchervinsky, the tokens-versus-equity debate in crypto is only beginning because many top projects were built during the Gensler era, when regulatory pressure led development companies to route value to equity rather than tokens. Source: Jake Chervinsky on X, Dec 23, 2025. According to @jchervinsky, the new policy environment creates opportunities but offers no simple answers, indicating that teams may reassess how value accrues between tokens and equity. Source: Jake Chervinsky on X, Dec 23, 2025. According to @jchervinsky, traders should monitor project disclosures on tokenomics, fee capture, and governance updates from major devcos as primary signals for potential shifts in token value accrual and market liquidity. Source: Jake Chervinsky on X, Dec 23, 2025.

According to Michaël van de Poppe, VeChain ($VET) is advancing with the Renaissance project expected to go live in July 2025, which may enhance its technological capabilities. The acquisition of a MiCAR license positions VeChain to serve European enterprises, indicating potential market expansion. Governance updates throughout Q2 focus on improved tokenomics and staking rewards, which are essential for current and prospective investors.