The chief investment officer (CIO) of digital asset firm Bitwise, Matt Hougan, believes the pro-crypto stance the U.S. Securities and Exchange Commission (SEC) has recently taken is massively bullish for the industry.
In a new blog post, Hougan says the recent speech by the SEC Chair Paul Atkins outlining a future where traditional assets will be moved to public blockchains and where decentralized finance (DeFi) plays a bigger role is the “most bullish document” he’s ever come across on crypto.
According to Hougan, the SEC’s pivot from a crypto antagonist to a crypto catalyst is “not priced in.”
The “most obvious opportunity,” per the Bitwise CIO, is the layer-1 blockchain sub-sector that supports stablecoins and tokenization.
“It doesn’t take a genius to see it: If
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