# kaal:claim:3949098-032

**Claim.** Without standards for digital assets it will be very difficult to increase regulatory certainty or coordinate market activity, and without regulatory certainty the digital asset market is less likely to evolve.

**Type.** condition  **Support.** argued

**Holds when.**

- digital asset markets seeking mass adoption

**Source quote.**

> Without standards for digital assets, it will be very difficult to increase regulatory certainty in the digital asset space and coordinate market activity. Without regulatory certainty the market for digital assets is less likely to evolve.

**From.** Wulf A. Kaal, *Reputation as Capital – How DAOs Upgrade Finance* (2021), IV. Policy Considerations, 1. Standard Setting, page 27

**Cite as.** Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098

**Verify.** sha256 of source PDF `04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Reputation%20as%20Capital%20%E2%80%93%20How%20DAOs%20Upgrade%20Finance.pdf

**Failure mode.** Standards Deficit Blocks Market Evolution  (family: harmonization-and-standardization-failure)

**Topics.** economics, institutional-design

**Keywords.** standards, regulatory-certainty, market-evolution, mass-adoption, policy

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3808873-034
- extends: https://wulfkaal.github.io/claims/3808873-006

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.