BBX News: Over the weekend, global listed companies have experienced a truly historic confirmation of ownership in the encrypted compliance channel and institutional infrastructure map. Without vague expectations, the market is completely ignited by the most decisive regulatory approvals and legislative votes:
——Core asset upgrade: The 19b-4 documents of giants such as BlackRock, Inc. (NYSE: $BLK) and Franklin Resources, Inc. (NYSE: $BEN) have been approved, and Ethereum has officially risen from a "tech geek asset" to a Wall Street compliant commodity.
——The infrastructure winner takes all: Coinbase Global, Inc. (NASDAQ: $COIN) has taken over the vast majority of ETF custody business, proving that in a highly compliant market with high license requirements, top trading platforms have an unshakable moat.
——Establishment of regulatory framework: The passage of FIT21 bill marks the end of the long-standing jurisdictional dispute between SEC and CFTC that has plagued cryptocurrency concept stocks.
The market presents a clear dual evolution trend of "comprehensive opening of multi asset compliance channels" and "oligopoly monopoly of core infrastructure service providers".
Source: bbx.com
