Akash CEO: Regulators have recognized the unique benefits brought by DePIN

Alvaro Garcia, a partner at Borderless Capital, recently stated: "DePIN may be the only category in Web3 that derives its value from outside the crypto industry," he believes this also allows DePIN projects to uniquely resist bear markets that could affect other crypto projects.
In a recent interview at the mainnet conference, Greg Osuri, CEO of DePIN protocol Akash responded to this view. The protocol provides users with a decentralized market for buying and selling computing power using AKT tokens and indicates that regulators have noticed the role of this project.
"I spent a lot of time on Capitol Hill... I met with a key staffer from the House Energy and Commerce Committee... I introduced myself, they said 'We know about Akash; it's where DePIN intersects with artificial intelligence,'" Osuri said, calling the meeting "very productive."

Osuri continued: "DePIN is more attractive to mainstream audiences than other crypto tracks. Currently there is insufficient regulatory demand to ensure that DePIN isn't regulated like NFTs and DeFi because when regulators study cryptocurrencies they categorize all industries together and regulate accordingly. So I think it's very important for us to separate regulation (of DePin and other cryptocurrencies), ensuring legislators and regulators get information. We (Akash & InFlux) don’t mind competition… as an example of how we can achieve unity because we all care about our industry… through such unification I believe we can achieve clarity in regulation."