Some of the cryptocurrency industry's most influential executives told CNBC about their 2022 expectations.
The crypto industry now sprawls well beyond bitcoin and executives expect new uses for the technology to pick up in 2022.
" are top of executives' minds heading into next year. Regulation remains as the biggest uncertainty.FTX CEO, Sam Bankman-Fried "There's enormous worry about stablecoins right now. But it's pretty straightforward to address. You have attestations, or you have an audit from a regulator." "Even in an environment where the Fed raises interest rates, investors and businesses will be hungry for the high-yield opportunities offered through digital assets. So expect to see institutional adoption of digital assets balloon — directly, through ETFs, or custom yield-generating products."
"The level of activity and innovation occurring in the space is too great to ignore, as is the risk to American competitiveness in technology and capital markets."Paxos is the company powering PayPal's crypto offering behind the scenes. CEO Charles Cascarilla also expects more action in the stablecoin market. His company offers its own dollar-pegged coin, USDP. The CEO is one of many warning that the U.S. has a lot to lose if it gets regulation wrong.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tod’s Pre-Fall 2022In this concise yet solid collection, Tod's creative director Walter Chiapponi put a strong focus on outerwear and layering, revealing a more casual side of the brand's luxe offering.
Read more »
30 drinks to toast to 2022 on New Year's EveYou'll be happily sipping the night away, whether you want something bright and bubbly or cozy and creamy.
Read more »
The 26 Most Anticipated Hotel Openings of 2022From an eco-friendly resort in Costa Rica to a five-star masterpiece in the South of France, here are the most anticipated hotel openings of 2022.
Read more »
California's new congressional maps produce a scrambled playing field for 2022The process of redrawing congressional districts ahead of the 2022 elections has resulted in a drop in competitive seats nationwide as the parties in power draw lines to protect their incumbents. But California will stand as a notable exception.
Read more »