Howard Lutnick believes that the launch of spot bitcoin-ETF in the US has contributed to the spread of the first cryptocurrency among corporate investors. According to the investor, banks still face regulatory obstacles to conducting cryptocurrency transactions and providing services for storing such assets. However, once regulators are forced to recognize bitcoin as an economically important asset, the value BTC will increase:
“Eventually, there will be a CFTC leader who recognizes Bitcoin as a financial asset. And we will treat cryptocurrency accordingly.”
The analyst called stablecoins an important asset for supporting the American economy and called on the Commodity Futures Trading Commission (CFTC) to speed up the development of “liberal regulations for the crypto industry.”
Earlier, Howard Lutnick announced the launch of a Bitcoin lending program. According to the entrepreneur, the initial funding for the program will be $2 billion, with subsequent expansion.
Source: Bits
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