Biden Pushes For Cryptocurrency Framework

The US president wants federal agencies to work together to create a policy framework for cryptos such as bitcoin that, much to the frustration perhaps of doubters, refuse to go away.

WealthBriefing - March 10, 2022

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Ganesh Iyer, trading and network services expert, IPC, said: “Is Biden beckoning the beginning of the end for ‘wild west’ crypto markets? More regulation of digital assets has implications for how institutions engage with the burgeoning asset class. Quant-driven hedge funds running arbitrage and quant strategies typically shine in more volatile and unstructured markets, capitalising on their superior access to market data. Whatever happens with crypto regulation, these fund managers need to squeeze out every opportunity by utilising networks that provide fast and unrestricted access to the major crypto exchanges. Only time will tell how and when this market will mature. Until that point there is an opportunity now for hedge funds to utilise ultra-low latency networks to make the most of volatile, compliance-light and liquid crypto markets.”