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Author: Krisztian Sandor, CoinDesk; Compilation: Five baht, Bit Chain Vision Realm
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Lynn Martin, president of the New York Stock Exchange, said she was willing to provide cryptocurrency transactions, but lack of clear regulatory guidance was an obstacle.
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Tom Farley, the former CEO of Bullish and the former New York Stock Exchange Martin, predicts that regardless of the results of the election, the US regulatory environment will be improved in the next few years.
President of the New York Stock Exchange said that if the supervision of such expansion of the stock market giant is more clear, the company will consider providing cryptocurrency transactions.
“If there is a clear supervision and guidance, this will be an opportunity worthy of attention,” Lynn Martin said on Wednesday in the Consensus 2024 group held in Ostein, Texas Wednesday.
She added that the spot Bitcoin (BTC) exchange trading fund (ETF) listed in the United States has accumulated $ 58 billion in assets, which is a “strong signal”, indicating that there is a demand for regulatory encrypted products.
Tom Farley, CEO of Martin and Cryptocurrency Exchange Bullish, discussed this issue in group discussions.Although the connection between traditional financial markets and digital assets is getting closer and more and more traditional financial giants have begun to provide encrypted products, unclear supervision still drags industry innovation.(Bullish is the parent company of Coindesk. Farley has previously held Martin on the New York Stock Exchange.)
“The funds of about 58 billion US dollars flow into ETFs, which strongly indicates that the market is seeking supervision of traditional structures,”Martin said.”Therefore, I hope that the [US Securities and Exchange Commission] will say after seeing the flow of funds in the inflow of funds,” Hey, this is very meaningful “, because Bitcoin ETF has achieved great success.”
According to the “Financial Times” earlier this month, the New York Stock Exchange’s competitors in the United States (CME) is a supervised cryptocurrency futures trading giant, which is planning to launch the existing goods cryptocurrency transactions to customers.
Farley emphasized the sudden change in the attitude of American politics to cryptocurrencies, including the Federal Deposit Insurance Corporation (FDIC) anti -cryptocurrency chairman being dismissed, the House of Representatives passed the 21st Century Financial Innovation and Technical Act (FIT21), and Republican presidential candidate Donald ·Trump doubles cryptocurrencies in a series of fast events.
“The evolution of five years took place in five minutes,” he said.”I am very optimistic about it’s significance to this country. I think, just like in Europe and in Hong Kong, regulators will formulate regulations,‘ hey, what is your reasonable digital asset industry. ’”
“Whether Trump, Biden or Michelle Obama, you will see progress in 2024 and 2025,” he added.
Martin said she stillThe use of blockchain technology makes financial processes more efficient and transparent, especially for assets such as municipal bonds with poor municipal bonds.
However, Farley said that in view of the distrust of the regulatory agency for public blockchain, traditional real world assets will not migrate large -scale to digital asset tracks.”The regulatory agency hopes to extend their power -consuming and sticky little fingers to everything,” he said.”How do you touch Solana? How do you touch decentralized things?”
therefore,Regulatory agencies may promote TRADFI to develop private blockchain instead of using the existing blockchain for settlementHe said.
