The US SEC's recent shift toward supporting digital assets marks a significant change in the current Trump administration. Bitwise CIO Matt Hougan discusses how the market might not fully recognize the implications of this shift for crypto adoption. The SEC aims to clarify crypto regulations, recently stating that certain liquid staking activities do not qualify as securities offerings. This clarification highlights the $57 billion liquid staking market, predominantly on Ethereum. Hougan notes that the SEC's statements are bullish for the crypto sector, suggesting that market reactions have not fully accounted for this supportive stance. Additionally, institutional investments in Bitcoin ETFs are growing, exemplified by Michigan's retirement system tripling its holdings in ARK's Bitcoin ETF. Meanwhile, Bullish is pursuing a $4.2 billion IPO, indicating strong interest from major investors. Overall, the evolving regulatory landscape could significantly influence crypto's integration into American financial services.

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