Crypto
Bitwise CIO says U.S. SEC proposal not enough to fully open Wall Street doors
Bitwise Chief Investment Officer Matt Hougan said the U.S. Securities and Exchange Commission\'s latest crypto regulatory proposal does not fully open the door to Wall Street, but only opens a few doors among many. He said institutional money will treat crypto infrastructure like mainstream finance only after many small, complex rule changes build up. Hougan highlighted Rule 611 and market fragmentation as key issues and said standardisation, clearer rules and interoperability are needed.
