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The Pomp Podcast

#1352 Bill Barhydt | $50 Trillion Is Coming To Bitcoin & Crypto

Apr 29, 2024
31:49
Snipd AI
Bill Barhydt, Co-Founder & CEO of Abra, shares insights on their new regulatory approval as a registered investment advisor, challenges in offering basic financial services, navigating regulatory hurdles in the crypto industry, and the future of the $50 trillion crypto market. Topics include SMAs vs. pooled funds, DeFi interactions, and tailored client services.
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Quick takeaways

  • ABRA's regulatory approval as a registered investment advisor enables servicing both credited & uncredited investors, showcasing a shift in engaging with regulators.
  • Utilizing DeFi for lending & yield services, ABRA eliminates counterparty risks, ensuring higher yields & enhanced asset security.

Deep dives

Innovative Regulatory Approval for Financial Services

Bill Barheight, the founder and CEO of ABRA, discusses the recent regulatory approval obtained as a registered investment advisor. This milestone allows ABRA to offer a range of financial services to both accredited and unaccredited investors. The approval signifies a shift in how companies engage with regulators and highlights the challenges faced in providing services like trading, earning, yield, and borrowing. ABRA's RIA structure leverages separately managed accounts, leading to enhanced transparency and investor protection.

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