Happy Monday, Blockfolians
Under Jay Clayton’s leadership, the SEC has steadfastly and unwaveringly said “no” to every Bitcoin ETF application that has come through.
In fact, so unwavering was it that some thought that there was little chance of any real crypto progress under Clayton’s leadership. Well, those who were hoping for something different are getting their wish months sooner than expected.
Whether the next chair will be any friendlier to cryptoassets remains to be seen. Former CFTC head Gary Gensler - also an MIT prof who has taught courses on bitcoin and blockchain - joined Biden’s transition team, causing excitement in some circles.
Whoever steps into these positions of power, one truth is that digital assets will be unignorable.
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
Highly Relevant Reading
Is IBM putting MMOs on the blockchain?
The Ethereum Foundation is sponsoring ETH2.0 staking projects
More details on why FinCEN wants info on all cross-border transactions above $250
That $3B blockchain bond in China has been postponed
Phenomenal thread on what makes this brewing bull run different
Connect the dots.
A Really Big Number We Should Be Paying Attention To
That’s the size of Anthony Scaramucci’s SkyBridge hedge fund, which may be interested in getting exposure to digital assets.
Do it, Arya.