Big Take How Wall Street Thinks About Crypto’s Future
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Mar 17, 2025 Crypto enthusiasm surged after a political victory, but it's been a wild ride since. At a recent finance conference in Florida, traditional investors are rethinking their strategies and eyeing digital assets. Discussions include the aftermath of a major exchange's bankruptcy and new regulatory challenges. The evolving relationship between established finance and the crypto world shows promise, as regulations may pave the way for innovative collaborations in the industry.
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SBF at BOCA
- In 2022, Sam Bankman-Fried, dressed casually, was a key figure at the BOCA conference, attracting much attention.
- However, a notable clash occurred between him and CME CEO Terry Duffy, foreshadowing FTX's eventual collapse.
FTX's Impact and Regulatory Response
- FTX's collapse had a ripple effect across the crypto industry, causing other companies to fail and prompting a regulatory crackdown.
- This regulatory scrutiny is now easing under Trump's second term, but questions remain about specific regulations.
Shifting Dynamics at BOCA
- The atmosphere at BOCA has shifted from a divide between "old guard" and "new guard" to a more collaborative environment.
- This change is symbolized by the adoption of suits by crypto figures and a sense of working together.