Yi Lihua: I suggest CZ provide better exit mechanisms for crypto VCs to revitalize VC capital.

Liquid Capital founder Yi Lihua posted on the X platform, stating: "The biggest problem in the crypto industry in recent years has been the decline in innovation. This problem stems from two aspects. First, the previous US administration tightened crypto policies, which should be resolved with the passage of the Crypto Structure Act. Second, Binance requires projects to lock up crypto VCs for 1+3 years. I believe Binance's initial intention was good, to cultivate a long-term investment mindset. However, the current consequence of this mechanism is that project teams, market makers, and the exchange Liquidity exit first, while VCs are wiped out during the long unlocking process. VCs already bear the greatest risk in the primary market, yet they also have to bear the risk of exiting last, which is clearly contrary to the traditional investment market. The consequence is the collective demise of crypto VCs, making it difficult for high-quality entrepreneurs to raise funds, and reducing industry innovation. I have a suggestion for CZ: provide crypto VCs with a better exit mechanism to activate VC capital, which will benefit industry innovation and make it more conducive for exchanges to list high-quality assets."