Gemini’s Patrick Liou Discusses Crypto ETFs, Gender Gaps, and Regulatory Clarity
Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...
CryptoNews spoke with Patrick Liou, Gemini’s Principal of Institutional Sales, to discuss key issues surrounding crypto adoption, regulation, and gender disparities.
Earlier today, Gemini released a report highlighting crypto ownership across the UK, US, France, and Singapore.
We asked Liou about the importance of clear regulations to foster broader crypto adoption.
The Gemini executive believes that potential investors are hesitant to engage due to the lack of well-defined rules on crypto. In the US, the SEC has declared most crypto assets as unregistered securities, creating uncertainty for investors.
2/ Furthermore, the Court found the SEC’s self-serving invention of the “crypto asset security” concept to be “unclear at best and confusing at worst.”
“Potential crypto investors simply want to know the rules,”Patrick Liou explained. He further noted that outdated legal precedents are being applied to crypto assets, which may not account for the nuances of the evolving market.
Liou added that the upcoming US election will likely shape the creation of a regulatory framework that supports innovation.
“If this election is like the last two, where 70,000 or 80,000 voters decided the ultimate outcome … then [Bitcoin and crypto] could really be the difference-maker.”
Our hypothesis 1 year ago?
BTC would swing the 2024 election.
Currently playing out
