CryptoTracker.pl - kursy kryptowalut logo CryptoTracker.pl - kursy kryptowalut logo
Seeking Alpha 2021-12-02 16:34:35

Regulation can unlock the potential of cryptocurrencies, Paxos CEO says ahead of congressional hearing

Charles Cascarilla, co-founder and CEO of blockchain-based fintech Paxos, sees widespread support within the cryptocurrency community for additional regulation, which he thinks will open the door to broader uses of the asset class. "Everyone in the industry wants clarity, certainty and consistency in terms of regulatory parameters," he told CNBC. Cascarilla's comments came as he and a group of other crypto execs are set to appear before a congressional committee next week. The hearing, scheduled for Dec. 8, will also feature FTX (FTT-USD) CEO Sam Bankman-Fried and Alesia Haas, the CFO of Coinbase (NASDAQ:COIN), among others. Cascarilla predicted that the hearing will touch on the value of crypto and how the dollar should interact with digital currencies. The Paxos CEO said that working with lawmakers was an important part of the process, as a structured regulatory framework could unlock crypto's potential to make sweeping changes in the financial world. "This technology

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer