FTX US President Brett Harrison says there are two catalysts that could wake up cryptocurrency trading volume from its slumber.
new interview Fortune’s Harrison said a recovery in digital asset markets and regulatory clarification by authorities could see a resurgence in cryptocurrency trading volumes.
There are two events that will probably bring significant volume. One is that cryptocurrency prices are rising again. I think it’s about time it became clear.”
Harrison said the latest bill Proposed US officials giving the Commodity Futures Trading Commission (CFTC) power to oversee a number of digital assets could be the clarity markets are seeking.
But let’s say it’s gone. Now the CFTC oversees Bitcoin and Ether, and FTX.US can register as a digital asset exchange. All institutions, all hedge funds, all Family Office Mutual Funds want direct access to cryptocurrencies and can do so on an exchange expressly sanctioned by the federal government.
Harrison also says transparency in the US could snowball elsewhere in the world.
“There are a number of jurisdictions looking to see how the United States will behave and very much want to create regulations around that. [and many of those nations] For example, we examine the registration process to determine what disclosures are required for a token to be considered listable for retail investors.
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