Dawn Fitzpatrick, CEO of Soros Fund Management, stated that while making statements about the litigation process in Binance and Coinbase, cryptocurrencies will continue to be permanent.
Dawn Fitzpatrick, CEO of Soros Fund, one of the largest hedge funds, said at the Bloomberg Investor Conference that the US Securities and Exchange Commission (SEC) Binance And coinbase He specifically commented on the cases he initiated. In his statement, all cryptocurrencies despite the negative developments permanent However, Fitzpatrick argues that crypto development has not reached this point. partially wrong stressed the management
Dawn Fitzpatrick, CEO of Soros Funds Management, criticizing cryptocurrency exchanges’ stance on client assets “Having an adult in the roomHe expressed the need in these words:
Judging by the headlines of the last few days, it is clear that these crypto-native platforms would benefit from having an adult in the room. There are long standing and simple norms about how you treat customer assets.
On the other hand, Fitzpatrick, the fiat currency of this litigation process, which has just begun, and a chance for established financial authorities mentioned that. However, as investors’ confidence in some platforms dwindles, incumbent financial firms take over the management He said he was waiting:
It’s clearly a setback. But right now I think this is a great opportunity for established financial firms to take the lead.