I hope the approval brings real benefits in the long run. I am really looking beyond the price action for which many crypto enthusiast are eager. How much closer this approval would bring us to mass adoption is something that should not be ignored. These institutions getting involved should be a useful tool in creating confidence for crypto among their loyal fans. As such, a many could give crypto a try through these institutions.
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It will bring real benefits in the short run. In the long run, this pretty much guarantees BTC gets totally co-opted by Globohomo Inc. soon.