Bitwise CEO thinks that the regulations to be brought by the American government will guide the crypto market.
Bitwise CEO Matthew Hougan stated that increasing government interest in the crypto industry and congressional sessions with some crypto CEOs can be considered positive steps for the crypto industry, with Congressman Cynthia Lummis likely to present a comprehensive crypto-related bill early next year. .
Hogan:
I think the new bull market will be with positive regulation and it will happen much sooner than people expect.
said.
Earlier Coinbase, FTX, Paxos At a U.S. congress attended by CEOs Bitfury CEO Brian Brooks had asked why an American company like Fidelity went to Canada for a Bitcoin ETF. The original purpose of the question was to criticize the SEC for not allowing a spot Bitcoin ETF while allowing Bitcoin futures.
Hougan on the subject:
This is an imperfect product, no one likes it. It’s great if you’re trading Bitcoin for a week, but not so great if you’re going to keep it for a year.
made statements.