In this clip from The Call @ Hedgeye, Financials analyst Josh Steiner & Macro Policy analyst JT Taylor discusses the latest updates on regulations out of Washington, following Biden’s recent executive order to review the government’s approach to cryptocurrencies.
“The industry is, at least at first blush, encouraged because it’s generally a supportive framework for this being a new technology and something that we need to nurture and something we need to put more of a framework and regulatory environment around,” notes Steiner.
“The interesting thing that is happening on the Hill, or the interesting thing from an industry standpoint is that they are martialing right their resources now. That was a wakeup call for them,” states Taylor. “The calls I’ve had with folks at the Blockchain Association, show that they were active on Capitol Hill helping shape legislation. They’re actively in the agencies now trying to get ahead of the curve. I don’t expect regulation in 3-6 months. I do believe we are looking at reports that will lead to legislation at some point in 2023.”
(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates CLICK HERE to learn more.)
