Sam Bankman-Fried: 2022 Will Bring Regulatory Clarity For Crypto

Sam Bankman-Fried believes that 2022 will bring regulatory clarity for the entire crypto industry worldwide so let’s see why is that in today’s crypto news.

The FTX CEO Sam Bankman-Fried expects a new wave of regulatory moves that will start this year and this is a great thing. In an interview for Bloomberg, the crypto strategist shared his opinion on the industry’s regulatory landscape and the state of NFTs, the metaverse, crypto gaming, and other strategies to raise brand awareness.

Sam Bankman-Fried assured that the crypto industry managed to gain interest and respect from regulators worldwide.
buy kamagra polo generic buy kamagra polo online no prescription

The political efforts to touch this issue in Congress, the CFTC, the SEC, and other government offices are also a sign of progress. 2022 will get even busier according to SBF’s expectations. As a good CEO of a crypto exchange, Sam Bankman-Fried believes that the government’s stance will boost crypto trading and will facilitate the entry of larger investors:

“I’m optimistic about it (the price of Bitcoin), And the things that make me optimistic basically are (related to) more regulatory clarity in the US and globally, -which I think could help a ton- and institutional adoption. And I think those are also related to each other.”

The view has been shared by other prominent analysts and investors in the crypto space and one example is Mike Novogratz as the CEO of Galaxy Digital who warned about the impact of bad crypto-related policies as he voiced the importance of attracting institutional capital to fuel the bull run and to promote a robust industry. Fried however sees this process as gradual rather than sudden. He explained that he doesn’t see something that evident in the next 3-6 months but expects it to be a slow process that will stretch out in the next few years.

Sam Bankman-Fried touched on other important subjects as well and mentioned that almost every financial institution he talked to is interested in entering or exploring the space of crypto and blockchain technologies. He said that he expects 2022 to be the start of a huge breakthrough in stablecoin regulations with a bigger involvement from the SEC and CFTC. He spoke of the potential that NFTs have in the gaming industry and the expansion of the metaverse as he thinks that a proper crypto gaming industry will take years to grow but doesn’t deny the potential for it to become a global industry:

“I think (we’ll be) starting to see digital assets make an appearance there (in the metaverse). I expect that’s going to happen in the next few years.”