Celo announced on X on Friday that it has launched Rain on its network, thanks to its partnership with Huma Finance. Although this is the latest addition to Celo's network, there are concerns about the sustainability of such developments due to increasing regulatory pressures worldwide on the overall cryptocurrency and blockchain sector.

Across the world, governments and regulatory bodies are expressing concerns about the potential misuse of cryptocurrencies and blockchain technology. This could hinder the growth and development of the industry. Celo's launch of Rain demonstrates the industry's ability to find and implement innovative solutions, even under such regulatory pressures.

However, the sustainability and broad acceptance of such innovations may be compromised by regulatory pressures and uncertainties. This situation casts an uncertain shadow over the future of the cryptocurrency and blockchain industry.