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The President of El Salvador's CNAD Declares That the Crypto Industry is 'Dying'

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FOMOGRAM Editorial Desk
Aug 5, 2026
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The President of El Salvador's CNAD Declares That the Crypto Industry is 'Dying'
EXECUTIVE SUMMARY

Juan Carlos Reyes, President of El Salvador's CNAD, stated the crypto industry is 'dying', comparing it to early music piracy technologies. He emphasized that Bitcoin is distinct from speculative crypto assets.

Juan Carlos Reyes, President of El Salvador's CNAD, stated the crypto industry is 'dying', comparing it to early music piracy technologies. He emphasized that Bitcoin is distinct from speculative crypto assets.

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General commentary on the crypto industry, lacking immediate trading implications.

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