Crypto industry must embrace privacy tech for further expansion, says Helius CEO

The cryptocurrency industry cannot expand further without embracing privacy technology, according to Mert Mumtaz, CEO of Solana infrastructure startup Helius. In a post on X, Mumtaz noted that while retail investors have shown little interest in privacy over the past year, institutional investors have ranked it as their second most important requirement. Privacy technology enables users to conceal transaction amounts and counterparties, a feature an increasing number of crypto projects are adopting.