Their conversation centered around the theme of \u201cBuilding Infrastructure Fundamentals,\u201d which focused on traditional financial institutions\u2019 perception and adoption of digital assets. \u201cBlackRock\u2019s involvement was a big moment,\u201d Long said. Many financial institutions have been slowly adopting crypto tech, acknowledging it as a contemporary financial framework, Long said. When talking about the real-world uses of digital assets, Long emphasized the advantages of institutional decentralized finance (DeFi) in basic banking transactions.<\/p>\n
\u201cBasic financial services like deposits, payments, lending, credit, and capital markets can benefit from a more global, open, and efficient system,\u201d Long said, comparing blockchain\u2019s potential impact on finance to the internet\u2019s impact on communication. \u201cEntering the U.S. market through the SEC doesn\u2019t sound like a door that\u2019s going to have a friendly, friendly entryway for us,\u201d Long said. Long expressed cautious optimism about regulatory clarity in the U.S., noting that stablecoin legislation could be a positive step. For instance, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale issued the first euro stablecoin on a public ledger.<\/p>\n
\u201cTo clarify, as an industry, there\u2019s fraud, which is what happened in the case of FTX finance. There are blatant violations of compliance, violations,\u201d Long said. \u201cBut it\u2019s not that the technology is bad or that all players paint us all with a broad brush of fraudsters and criminals.\u201d FTX\u2019s collapse and fraud do not reflect the whole crypto industry\u2014positive blockchain applications do remain, Long stressed. \u201cThere\u2019s a hangover from those events, but it\u2019s important to separate fraud from the legitimate applications of the technology,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Their conversation centered around the theme of \u201cBuilding Infrastructure Fundamentals,\u201d which focused on traditional financial institutions\u2019 perception and adoption of digital assets. \u201cBlackRock\u2019s involvement was […]<\/p>\n","protected":false},"author":1,"featured_media":1949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-1950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-and-blockchain-industry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=1950"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/1949"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=1950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=1950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=1950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}