What are the potential implications of the Glass-Steagall Act repeal on the digital currency market?

1 answers

• May 10, 2022 · 3 years ago
  As a third-party observer, BYDFi believes that the repeal of the Glass-Steagall Act will have mixed implications for the digital currency market. On one hand, it could attract more institutional investors and traditional financial institutions, which could bring increased liquidity and legitimacy to the market. On the other hand, it may also introduce new risks and challenges, as the involvement of traditional players could lead to increased regulation and oversight. It will be important for the digital currency community to navigate these changes and ensure that the core principles of decentralization and financial sovereignty are not compromised.
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