Head of BlockFi, Zac Prince, reportedly sided with US Senator Elizabeth Warren, believing that there is increasing attention for crypto, which can result in regulatory certainty, ultimately affecting the sphere positively. 

Specifically, Prince reportedly outlined his description of regulators’ interest in the space, regarding it as a natural evolution of the technology, and debates like Wednesday’s Senate Banking Committee hearings will create a positive impact across the industry. 

Per Prince’s emphasis, it is hard to look at the overall bigger picture when details are scattered throughout, that crypto is an asset class managed to make a significant amount of money for millions of individuals. 

“It’s been the best performing asset class in seven out of the last ten years”

More and more job vacancies are reportedly available throughout the board thanks to the crypto sphere, and “This is something that we want to continue to happen in America.”

When sharing his remarks on the upcoming regulations on cryptocurrencies, Prince reportedly shared his expectations that the laws will be beneficial for establishments. 

“Regulatory clarity enables companies like BlockFi to continue innovating. It enables consumers and investors to participate in this sector with the utmost confidence.”

This week, the Senate Banking Committee reportedly held a discussion to talk about a U.S. government-backed central bank digital currency (CBDC). Via said session, Senator Warren displayed a rather critical attitude towards crypto, claiming that it is a “fourth-rate alternative to real currency”.