How has America’s regulatory framework evolved on Bitcoin?

The future of Bitcoin is a hot topic in the financial world, and a recent discussion brought together industry experts to share their views.

Merris Badcock of The Digital Chamber led the conversation with Perianne Boring, CEO of The Digital Chamber, Lilya Tessler, Partner and Head of the FinTech and Blockchain Group at Sidley Austin LLP, Caitlin Long, Founder and CEO at Custodia Bank, and Natalie Brunell, Host of the Coin Stories Podcast. Each offered a unique perspective on what the next decade could bring for bitcoin and the broader crypto ecosystem.

Merris Badcock kicked off the discussion by asking the panelists about their projections for the next decade for Bitcoin and cryptocurrencies.

Boring emphasized the importance of creating a legal framework to support blockchain businesses and investors in the U.S. He highlighted the transformative potential of spot bitcoin ETFs, which have already attracted billions of dollars in inflows and are the most successful ETF launch in history. Boring predicted that as more institutional investors, including Fortune 500 companies and sovereign institutions, recognize bitcoin as a valuable asset, adoption will push bitcoin’s price to unprecedented heights.

Tessler focused on the evolving regulatory landscape. He noted the significant progress made in establishing regulations for crypto and digital assets globally. Tessler said he hopes the U.S. will follow suit and enable the development of more products and services that leverage blockchain technology. His vision for the future includes less litigation and more guidance to help customers adapt and comply with smart regulations.

Caitlin Long offered a banking perspective, envisioning a future without a separate crypto industry. She envisioned a scenario where traditional banks integrated bitcoin into their systems, leading to greater stability. However, Long warned that if some banks failed to adapt and overleveraged themselves, they could fail similarly to past failures such as Block and Celsius. She envisioned a landscape where many banks would be run by people with local crypto expertise.

Natalie Brunell spoke about the societal impact of bitcoin, particularly its potential to rekindle hope among young people. Drawing from an interview with Larry Fink, Brunell emphasized bitcoin’s ability to empower individuals to achieve their dreams, from starting a business to paying for education and retirement. She expressed hope that bitcoin would address systemic issues and improve societal problems by providing a more equitable financial system.

You can watch the full discussion here: