Summary
- WisdomTree’s head of crypto said the digital asset market structure bill (the CLARITY Act) is not an essential requirement for the industry’s development.
- He said the U.S. SEC already has the tools needed to foster markets for tokenized securities and funds.
- He added that while a market structure bill could be positive for the industry, it is not the core driver of progress, and that industry growth is proceeding regardless of regulatory clarity.
Forecast Trend Report by Period
A view has emerged that the digital asset (cryptocurrency) market structure bill—the CLARITY Act—is not an essential requirement for the industry's development.
According to digital asset-focused media outlet CoinDesk on the 31st (local time), Will Peck, Head of Crypto at WisdomTree, said that "the bills currently pending are not a precondition for innovation and business expansion."
He explained that "the U.S. Securities and Exchange Commission (SEC) already has the tools needed to foster markets for tokenized securities and funds."
He added, "While a market structure bill could be positive for the industry, it is not the core driver of progress."
The remarks are interpreted as reflecting the view that while regulatory clarity is important, industry growth is already under way.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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