Regulatory clarity for crypto would take 3 to 5 years, FTX CEO says
FTX CEO Sam Bankman-Fried expects governments to have a clearer stance in the next three to five years and wishes to become a part of the discussions with the regulators “to build out this regime.” Running a successful crypto business requires close attention to the cloud of regulatory changes put forth by governments. Sam Bankman-Fried, CEO of prominent crypto exchange FTX, featured in a CNBC International interview to discuss his efforts on this front. During the conversation, Bankman-Fried highlighted FTX’s efforts to stay on top of the changing regulatory landscape. As a part of this....
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The founder of FTX exchange thinks the crypto industry will enjoy an increased rate of institutional adoption as regulatory clarity improves around the world. FTX crypto exchange founder Sam Bankman-Fried is optimistic that clarity provided by regulators around the world will stimulate institutional adoption rates for crypto this and subsequent years.In a Jan. 3 interview with Bloomberg, SBF talked about crypto regulations, institutional adoption, and the Metaverse. Despite the rocky end to 2021 for markets, SBF is “optimistic” about 2022.“The things that make me optimistic basically are....
Potential customers in the U.S. are apparently holding off from using Ripple’s XRP-related services due to regulatory uncertainty. As Ripple reportedly prepares to relocate its headquarters outside of the United States, it turns out that only 5% of the company’s clients are based in the country, according to the firm's CEO.On Dec. 2, Ripple CEO Brad Garlinghouse sat for an interview with CNN anchor Julia Chatterley to discuss Ripple’s regulatory hurdles in operating in the U.S.According to Garlinghouse, as much as 95% of the San Francisco-based company’s customers are located abroad. He....
An executive with Blockfi says that “this year has been a huge year for mainstream consumer demand into crypto.” Noting that fear of missing out (FOMO) will be a huge driver for investors, the executive expects some regulatory clarity next year.
Crypto FOMO Will Drive Investments in 2022
Flori Marquez, Blockfi’s co-founder and senior vice president of operations, discussed the future outlook for cryptocurrency going into 2022 in an interview with Yahoo Finance Live Friday.
Founded in 2017, Blockfi was created to provide credit services to markets....
BlockFi’s co-founder expects upward price action, new talent and regulatory clarity will create a bubbling FOMO atmosphere for crypto adoption in 2022. Flori Marquez, the co-founder of cryptocurrency custodian BlockFi, said that upward price action, new talent and regulatory clarity will combine to create a bubbling FOMO atmosphere for crypto adoption in 2022. In an interview with Yahoo Finance on Friday, Marquez also shared insights regarding industry growth in 2021.Marquez suggested that crypto has become “more digestible” for the average consumer than it was back in 2016. She explained....
The Digital Trading Clarity Act of 2022 aims to provide regulatory clarity around classifying digital assets and related liabilities under existing securities laws. United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from “certain” Securities and Exchange Commission (SEC) enforcement actions.The Digital Trading Clarity Act of 2022, introduced by Sen. Hagerty, aims to provide regulatory clarity around two primary concerns plaguing crypto exchange establishments — (i) the classification of....