According to Deep Tide TechFlow, on June 15, Klaas Knot, the outgoing chairman of the Financial Stability Board, warned in Madrid that the cryptocurrency market may be approaching a critical point that poses systemic risks to the global financial system. Knot pointed out that stablecoin issuers hold a large amount of U.S. Treasury bonds, establishing a connection with the broader financial system. The popularity of cryptocurrency ETFs and institutional acceptance of digital assets have lowered the entry barrier for retail investors and deepened the connection between cryptocurrencies and traditional finance. He emphasized that the cryptocurrency ecosystem will continue to evolve, and the regulatory framework must keep pace with the times.

#ETF