He came to the fore with his research in the crypto money industry. US investment bank Morgan Stanley In his latest report, he touched upon the US’s cryptocurrency regulation efforts.
to be issued in the USA Bitcoin (BTC) Pointing out that it is important to agree on crypto and crypto laws, the bank said that this agreement will make the USA a pioneer in innovation and will have a positive effect in the midterm elections.
Bank analysts wrote that crypto laws could change by the end of 2023, depending on the results of the midterm elections in November.
The said regulations stablecoins and CBDCs Stating that it will also have an impact on the economy, analysts said:
“Regulations in the digital asset space are important for the growth of the crypto industry, particularly with regard to stablecoins, cryptocurrency products, institutional adoption of crypto, and the possibility of central bank digital currency (CBDC) issuance.”
U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC)Drawing attention to the struggle of ) and similar institutions to make regulations in the field of crypto money, Morgan Stanley said, “Extension of the period of uncertainty regarding crypto laws will be negative for the crypto industry.” said.
In a previous report, Morgan Stanley wrote that the US administration sees regulation of cryptocurrency markets as a way to manage the impact of the US dollar on banking dominance.