The United States Isn’t Banning Crypto, It’s Letting Legacy Firms Take Over

Legacy financial institutions are making a foray into the industry. They are capitalizing on the United States Securities and Exchange Commission’s regulatory efforts that aim not to ban crypto but mold this sector. BlackRock has inked a surveillance-

Highlights

• Legacy financial institutions are making a foray into the cryptocurrency market.
• BlackRock, the world’s largest asset manager, has filed for a Bitcoin ETF named the iShares Bitcoin Trust.
• Meanwhile, EDX Markets is a crypto exchange backed by established players.
• The move is part of a broader trend where conventional financial institutions seamlessly merge with the crypto industry.
• The United States is aligning its efforts to forge a crypto-system that emulates traditional financial systems, says Jamarali Nazarali.
• He says the U.S.

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