The heads of both the SEC and Nasdaq see the technology as here to stay.
Adina Friedman, CEO of Nasdaq, told CNN yesterday that “the jury is still out” on which cryptocurrencies will be successful, but that one will be is not – a more efficient global payment system is a necessity for the modern world.
Nasdaq is the second largest currency exchange in the world, with a market capitalisation of $9 trillion.
She said: “Are the governments going to start to embrace it? Or are they still going to have it sit outside the realm of their oversight? That’s the real question that’s yet to be answered. I think the technology is fascinating and it’s a very sound technology. It’s just a matter of making sure that the community is all embracing it together.”
She recently said that once the market is regulated, “certainly Nasdaq would consider becoming a crypto exchange.”