Ep. 468 - Regulation While Allowing Innovation, With Jennifer Schonberger of Yahoo Finance
Powered by RedCircle
In the latest episode of the Crypto 101 podcast, Jennifer Schonberger from Yahoo Finance delves into several critical aspects of the cryptocurrency landscape. Let’s break down the key points:
- Washington’s Stance on Crypto:
- The regulatory environment for cryptocurrency in Washington is evolving. There are ongoing discussions about potential legislative changes.
- The House is set to pass a major overhaul of U.S. crypto regulations. This overhaul would limit the powers of the SEC (Securities and Exchange Commission) and give a more prominent role to the Commodity Futures Trading Commission (CFTC) in overseeing digital assets.
- This shift reflects the growing recognition of the need for clearer guidelines in the rapidly changing crypto market1. However, SEC Chair Gary Gensler has expressed concerns that these changes could create regulatory gaps and undermine investor protections1.
- Wall Street’s Anticipation:
- Institutional investors on Wall Street are closely monitoring regulatory developments. They eagerly await a definitive stance from the government.
- The anticipation has led to increased interest in cryptocurrency investments. Notably, firms like BlackRock and Fidelity are pushing for approval of exchange-traded funds (ETFs) that track cryptocurrencies such as Bitcoin and Ether1.
- If approved, these ETFs could significantly broaden access to crypto investments for traditional investors and potentially stabilize market volatility by attracting a wider range of participants1.
- Institutional Strategies in a Depressed Market:
- Despite the current depressed market conditions, large institutions are strategically positioning themselves.
- Many see this period as an opportunity to acquire digital assets at reduced costs, anticipating future growth as regulatory clarity emerges.
- This strategic approach aligns with historical trends where major players enter markets during downturns to maximize returns when conditions improve.
- Integration of Cryptocurrencies into Everyday Transactions:
- The conversation also highlights how innovations in payment systems are bridging the gap between traditional finance and digital assets.
- Cryptocurrencies are increasingly being integrated into everyday transactions, signaling a shift toward wider adoption2.
In summary, this episode underscores a pivotal moment for cryptocurrency regulation in Washington. The decisions made will have significant implications for institutional investment strategies and overall market dynamics moving forward2.
Guest Links:
twitter.com/jenniferisms
www.yahoo.com/author/jennifer-schonberger/
Show Links:
CRYPTO101podcast.com
Twitter:
twitter.com/Crypto101Pod
twitter.com/BrycePaul101
instagram.com/crypto_101
Facebook:
www.facebook.com/groups/101Crypto
www.facebook.com/CRYPTO101Podcast
Free Gift #1: Free ticket to our upcoming Digital Currency Summit with 47 experts revealing their list of best crypto investments for 2022…
Free Gift #2: Free copy of my best-selling crypto investing book to take advantage of the current bull run..
**THIS IS NOT FINANCIAL OR LEGAL ADVICE**
© Copyright 2022 Boardwalk Flock, LLC All Rights Reserved
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Fog by DIZARO @dizarofr
Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0
Free Download / Stream: bit.ly/Fog-DIZARO
Music promoted by Audio Library youtu.be/lAfbjt_rmE8
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬