Katherine Dowling, General Counsel & CCO at Bitwise Asset Management, joined Keith Black, Managing Director of RIA Channel, to discuss changes in crypto regulation.
Bitwise Asset Management was one of the first to launch a spot bitcoin ETF in January 2024. Bitwise is differentiated by being a research-based crypto specialist, while most other spot bitcoin ETF issuers are traditional finance firms.
Bitwise and other issuers have spent a lot of time explaining to the SEC how crypto products work. The key is for the industry to be able to reduce the potential for fraud and market manipulation that concerns the SEC.
The US House of Representatives passed the FIT21 crypto infrastructure bill on a bipartisan vote, signaling a broader willingness of both parties to engage with the industry on crypto regulation. Greater acceptance of digital assets by both the SEC and Congress could open the door for further ETFs and public fund offerings.
Bitwise Asset Management has a team designed to work with RIAs and financial advisors on education ranging from crypto 101 to how to discuss crypto with clients to which Bitwise product might be a good fit for specific client portfolios.
Resources: