Seems Big for Crypto

in LeoFinance3 days ago


Seems Big.png

The recent announcement by the U.S. Office of the Comptroller of the Currency (OCC) clarifying that banks can now act as crypto custodians is a major step forward for the industry. This is part of a broader push to provide regulatory clarity around crypto in the U.S., which has long been a missing piece in the puzzle. It’s great to see progress in this area, as regulatory uncertainty has been one of the biggest barriers to wider adoption.

One could argue that unclear regulations and restrictions on banking access were major contributors to the last crypto bear market. Key banking players that were willing to innovate and support crypto businesses faced regulatory roadblocks, making it difficult for crypto firms to secure reliable banking partnerships. This lack of clarity limited growth and made traditional finance hesitant to engage with the space.

While crypto is built on decentralization and financial sovereignty, integration with the traditional financial system is still critical. The reality is that global economies are not yet structured to fully operate on crypto alone. Banking access provides a bridge between digital assets and real-world use cases, ensuring that crypto can continue to expand as a legitimate asset class.

This announcement from the OCC is a strong sign that the U.S. is beginning to recognize the importance of crypto and blockchain technology. It paves the way for institutional players to engage with the space more confidently, which could lead to increased adoption and further mainstream acceptance. If this is the start of a broader regulatory shift, we could see a much stronger foundation for crypto growth in the years to come.

Discord: @newageinv

Chat with me on Telegram: @NewAgeInv

Follow me on Twitter: @NAICrypto

The following are Affiliate or Referral links to communities and services that I am a part of and use often. Signing up through them would reward me for my effort in attracting users to them:

Start your collection of Splinterlands today at my referral link

Expand your blogging and engagement and earn in more cryptocurrencies with Publish0x! Sign up here!

My go to exchange is Coinbase; get bonuses for signing up!

The future of the internet is here with Unstoppable Domains! Sign up for your own crypto domain and see mine in construction at newageinv.crypto!

Always open to donations!

ETH: newageinv.eth
BTC/LTC/MATIC: newageinv.crypto

Disclosure: Please note that for the creation of these blog posts, I have utilized the assistance of ChatGPT, an AI language model developed by OpenAI. While I provide the initial idea and concept, the draft generated by ChatGPT serves as a foundation that I then refine to match my writing style and ensure that the content reflects my own opinions and perspectives. The use of ChatGPT has been instrumental in streamlining the content creation process, while maintaining the authenticity and originality of my voice.

DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.

Sort:  

Still bullish even though the market has cooled considerably from the November froth. Trump will find a way to print money for the plebs and we will see retail flood into the market again. Might not be as juicy as 2021, but there will be profits to take from a late spring/early summer rally.

I know you're a big gold guy, I've been DCAing into $PAXG since the start of the year and things are looking good well over $3K/oz