Ethereum Gains Clarity Amid U.S. Regulatory Shifts & Evolving Banking Views ๐บ๐ธ๐ผ
In a recent interview with Bloomberg, Figment CEO Lorien Gabel shed light on Ethereumโs growing strength amid major regulatory changes in the U.S. He welcomed the passing of the market structure bill, saying it brings much-needed clarity to Ethereumโs role and use cases โ a major win for the crypto industry. ๐๏ธโจ
Gabel pointed out record-high stablecoin trading volumes and increased Ethereum transaction activity as strong signs of future price growth. ๐๐
He also broke down the concept of staking, calling it a key part of Ethereumโs infrastructure. On the banking front, Gabel sees crypto as a bottom-up alternative to traditional finance โ especially relevant under the current administration. ๐ฆโก
He emphasized that crypto is not just an innovation but a solution to some of the systemic risks in the traditional financial system.
