What Will Be the Impact of a Bitcoin ETF Approval?

Money Reimagined

Hermine Wong explores the potential approval of a spot Bitcoin ETF, emphasizing that it could have short-term market fervor but may not necessarily lead to significant long-term adoption of Bitcoin.

In this week's installment of "Money Reimagined," host Michael Casey discusses the anticipation surrounding the approval of a spot Bitcoin ETF. Casey is joined by Hermine Wong, Founder of herminewong.xyz and Principal at Berkeley School of Law,

a regulatory expert offering insights on the topic. They explore the potential impact of ETF approval or disapproval on the relationship between the crypto industry and Washington. They also discuss the regulatory frameworks in Asia and Europe and the need for the US to catch up. The conversation delves into the importance of driving adoption and the challenges faced by disruptive tech in engaging with policymakers. They also touch on the opportunities for adoption through tokenization and NFTs.

Takeaways:

The entry of institutional investors into the crypto space indicates their belief in the long-term value of Bitcoin, but it may dilute the policy argument for the democratization of access.

The US regulatory framework for crypto lags behind other jurisdictions, but many startups still prefer to domicile themselves in the US due to the flow of value and customer base.

Crypto industry advocacy should focus on demonstrating the value of crypto in terms of access and opportunity, rather than taking an adversarial approach with regulators.

Tokenization and NFTs present opportunities for driving adoption by accessing new populations and empowering artists and creators.

Links |

If a Bitcoin ETF Is Approved, Here’s What May Happen

Bitcoin ETF Looks Very Likely Given These Bureaucratic SEC Steps

Bitcoin ETF Approval Expected Soon, Bears Lose $100M

BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish

Herminewong.xyz

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