The Electronic Transactions Association (ETA) signalled that cooperation between bitcoin companies and traditional payment firms could expand, while saying it does not advocate bitcoin as a specific technology. CEO Jason Oxman said more partnerships could emerge as members recognise bitcoin’s potential, citing BitPay’s admission as ETA’s first virtual asset member. He also pointed to the Bitcoin Foundation’s role in boosting understanding. Oxman urged caution on regulation, including New York’s BitLicense.

Guy, a general partner at a16z Crypto, said Wall Street and governments are increasingly embracing the term “digital assets” as a signal of digital transformation akin to companies moving to cloud services. He wrote that the financial industry may look digitised but still runs on fragmented systems and an outdated structure reliant on manual reconciliation and paper-based processes. He said large financial institutions adopt blockchain to ease trust and collaboration bottlenecks rather than pursue crypto ideology.