‘You Can’t Put the Genie Back in the Bottle,’ Crypto is Going Mainstream: Bitwise Says
The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday.
The growth story is straightforward according to Bitwise. Regulatory clarity would empower major financial institutions, such as JPMorgan (JPM), BNY Mellon (BK), Nasdaq (NDAQ), to fully build in crypto, the report said.
That means billions in new investment and a path to migrate trillions of traditional assets onto blockchain rails. The infrastructure is ready; it just needs Washington’s go-ahead, according to the asset manager.
This week the House of Representatives is voting on the CLARITY Act, a crypto…
