NYSE President: Cryptocurrency trading will be considered if regulation is clear
Lynn Martin, President of the New York Stock Exchange (NYSE), stated at the Consensus 2024 conference that NYSE would consider offering cryptocurrency trading services if the regulatory environment for cryptocurrency trading becomes clearer. She pointed out that the US-listed spot Bitcoin ETF has accumulated assets of $58 billion, indicating strong market demand for regulated cryptocurrency products.
Martin and Tom Farley, CEO of Bullish cryptocurrency exchange, discussed the opportunities and limitations of cryptocurrency regulation, US political changes, and blockchain technology. Farley mentioned that the US attitude towards cryptocurrency is rapidly changing, including the removal of the chairman of the Federal Deposit Insurance Corporation (FDIC) against cryptocurrency, the passage of the 21st Century Financial Innovation and Technology Act (FIT21) in the House of Representatives, and Republican presidential candidate Donald Trump's support for cryptocurrency.
In addition, the Chicago Mercantile Exchange (CME) plans to launch spot cryptocurrency trading. Farley stated that although blockchain technology is expected to improve the efficiency of financial processes, regulators' skepticism about public blockchains may push traditional financial companies to develop private blockchains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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