CME Group CEO: The Biggest Obstacle for Crypto is Regulators3.4

The chairman and CEO of CME Group has stated that financial regulators will be unlikely to give a nod to crypto and are much more likely to approve of digital currencies backed by existing fiat currencies. Terry Duffy also said that cryptocurrencies such as Bitcoin will need such a regulatory green light for the industry surrounding digital assets to progress.

The executive from the Chicago Mercantile Exchange Group believes that such regulatory approval is difficult to imagine coming for cryptocurrencies like Bitcoin since they would not allow governments to run deficits. Duffy also thinks that too much of the narrative surrounding the current crypto space is driven by speculation on price rather than adoption and real use cases.

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