The second half of FMQ started off with a panel discussion on crypto and the financial markets. Our moderator MacKenzie Sigalos, Tech Reporter, CNBC asked the question that’s on everyone’s mind: What does the upcoming presidential election mean for the crypto market?
“If Trump wins, crypto wins,” says Daniel Gallagher, Chief Legal, Compliance and Corporate Affairs Officer, Robinhood. If Vice President Kamala Harris wins, there’s perhaps more trouble on the horizon for digital assets.
Tom Farley (C’97), Chief Executive Officer, Bullish agrees that the issue is binary. He pointed to the influence of Senator Elizabeth Warren — and how she, he said, “hates crypto” — to note that he doesn’t see anything changing for crypto in a Democratic administration.
No matter who is in office next, our panelists were excited for the future of crypto.
David LaValle (C’99), Global Head of ETFs, Grayscale Investments said what’s next is to enhance the data so there is a high degree of confidence in pricing options. Tokenization of equities was also top of mind — something Sandra Waliczek Blockchain and Digital Assets Lead, World Economic Forum says will need scalability and better regulatory requirements.