Attitudes on ETFs and crypto may be shifting on Capitol Hill. Teucrium CEO Sal Gilbertie says regulators are friendlier under Trump. The Teucrium 2x Long Daily XRP ETF is up 96% since April. Gilbertie notes investors should understand new products entering the market. Regulators engaging with industry players for cryptocurrency discussions.
Investment Company Institute CEO Eric Pan sees positive steps in Washington regarding SEC interaction with industry. Pan emphasizes regulatory certainty is crucial for risk mitigation while also encouraging innovation. The process for crypto-related ETFs is similar to traditional products. Recent legislation regulating stablecoins is a win for the crypto industry.
President Trump’s GENIUS Act regulating stablecoins marks a legislative victory for the crypto industry. The goal is to make the U.S. the “crypto capital of the world.” Regulators are engaging with industry players for discussions on cryptocurrency regulation. Investors urged to understand new products entering the market.
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