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Bob Diamond, a former CEO of Barclays, commented on BlackRock’s latest crypto actions throughout a CNBC interview on June 21.
Diamond, now the CEO of Atlas Service provider Capital, stated:
“I like seeing a few of the extra mainstream corporations getting concerned right here like BlackRock…I’m not shocked that they’re extra concerned now in crypto extra broadly.”
BlackRock just lately filed for a spot Bitcoin exchange-traded fund (ETF). If it succeeds, it is going to be the primary firm within the U.S. to supply such an funding.
Nonetheless, BlackRock’s crypto actions are usually not restricted to that submitting. Diamond famous that one in every of his corporations and BlackRock each beforehand invested within the USDC agency Circle.
BlackRock took half in an April 2022 funding spherical via which Circle raised $400 million. Diamond’s present agency, Atlas, was not named as an investor in that press launch, and as such, the capability wherein Diamond and his corporations invested is unclear.
Diamond feedback on crypto trade
Diamond additionally commented on the crypto market extra broadly. He stated:
“Crypto is a broad time period, however in case you slender it all the way down to the digitization of a lot of what we’re doing it’s a pure course.”
He argued that the cryptocurrency trade ought to cease avoiding regulation, including that cooperation with regulators will attraction to the banking trade. He stated that “sturdy banks need sturdy regulation.” He stated that readability is required for crypto to have a optimistic influence.
Although Diamond didn’t identify any firms which might be combating laws, two main crypto exchanges, Coinbase and Binance have been confronted with expenses from the U.S. Securities and Trade Fee (SEC) in June. Each firms stated that that they had tried to work with regulators however got no means to register.
Diamond stated that he has not bought Bitcoin (BTC). Nonetheless, he stated that his associate at Atlas Service provider Capital, David Schamis, has invested.
The publish Former Barclays CEO says he ‘loves’ seeing BlackRock concerned in crypto appeared first on CryptoSlate.
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