- Not only in the USA but the global trend in 2022 will be all about clearing the regulatory environment in the dimension of cryptocurrency.
- According to Sam Bankman-Fried, cryptocurrency has been growing since 2009, and the industry is massive right now.
- Also, it is expected that 2022 will bring about an amazing breakthrough with regulations, making the coins stable.
Not only in the USA but the global trend in 2022 will be all about clearing the regulatory environment in the dimension of cryptocurrency. The idea has been specifically put forward by Sam Bankman, the CEO of FTX. According to him, it will be excellent progress in making the cryptocurrency industry very strong. According to the interview for Bloomberg, this cryptocurrency expert says that immense changes are coming in the regulatory landscape and the gaming, metaverse, NFTs, etc. Also, FTX will start mode brand awareness strategies, and the CEO is hopeful about it all.
What do cryptocurrency regulations mean?
According to Sam Bankman-Fried, cryptocurrency has been growing since 2009, and the industry is massive right now. However, unless and until the regulatory changes are prevalent, there will be a lot of fraudulent activities. Nevertheless, the dimension of cryptocurrency has been able to secure the attention of regulators all across the globe. The political efforts that Congress can see, CTFC, and the SEC are a clear sign that industry is progressing.
The entire year of 2022 will be very busy to put its best foot forward in regulatory services. However, he also believes that this is the proper way for the government in which will be able to enhance cryptocurrency trading, and large investors will flock in soon.
This statement has not only been declared by the CEO, but a lot of popular analysts and investment experts are sharing this. For example, the CEO of galaxy digital has been giving warnings about crypto-related policies that are not good enough. He also emphasizes the essence of bringing institutional capital so that the industry can be more robust and the promotion can be fair.
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The CEO of FTX says that the process will follow a gradual change rather than something instantaneous. He also explained that nothing would be quite evident in the following three to six months, but the changes will come over the next couple of years.
The Broader Crypto Space Discussion By Sam Bankman-Fried
According to Sam, he has discussed with every financial institution, and they are quite interested in exploring the blockchain technology market. Also, it is expected that 2022 will bring about an amazing breakthrough with regulations, making the coins stable. It can only happen when government units like SEC and CFTC are involved.
As far as the condition of NEFT in the gaming industry is concerned, he believes that the proper initiative of crypto gaming is yet to come, but it has huge potential for becoming a major industry worldwide. Crypto gaming has been in the field for the year, and slowly its popularity is gaining its peak. It has a high potential of acquiring digital assets, and in the next few years, the gaming industry will evolve like never before.
Metaverse, which is the rebranding of social media mammoth Facebook, will also be a catalyst for the progress of NFT gaming. But there is still some time before the majority of the players start entering the cryptocurrency industry.
Overall it can be said that Sam Bankman-Fried is quite optimistic about the clarity that the regulations will bring in the US and the global platform. It will rotate and revolve things for the better and is a good element for institutional adoption. These regulations will assure the investors long-term, and the industry will be stronger than ever.
