MARIA: WELCOME BACK STANDARD
CHARTER SAY THAT IS BITCOIN’S
VALUE COULD HIT ONE HUNDRED
THOUSAND DOLLARS BY THE END OF
2024.
TAKE A LOOK AT WHERE IT IS RIGHT
NOW, 27,322.
DOWN THIS MORNING.
JOINING AHEAD REPUBLIC CRYPTO.
ANDREW, GOOD TO SEE YOU.
WHAT DO YOU THINK, IS IT GOING
TO A HUNDRED THOUSAND?
>> WELL, MARIA, AS WE LOOK AT
THE LARGER MACRO ASSET IT’S
APPARENT THAT CURRENCIES ARE
CONTINUING TO STRUGGLE AND IN
THE U.S. BATTLE INFLATION.
THE USE CASE OF BITCOIN AS STORE
VALUE CONTINUES TO GET STRONGER
AND WE ARE JUST OVER A YEAR AWAY
SOMETHING CALLED THE HAPPENING,
THE DIFFICULTY TO MINE BITCOIN
WILL DOUBLE.
PREDICTIONS CENTERED AROUND THE
HAPPENING TAKING PLACE NEXT
SUMMER WHICH I ANTICIPATE A
GLOBAL MACRO FINANCIAL EVENT.
MARIA: MAYBE BUT WE WE ARE ALL
EXPECTING REGULATION TO COME TO
THE CRYPTO SPACE.
WHAT WILL THE REGULATION LOOK
LIKE AND DOES THAT PUT BARRIERS
IN PLACE TO GROWTH?
>> I THINK EVERYONE AT THIS
POINT IS PUSHING FOR REGULATION.
IF WE LOOK AT EUROPEAN MARKET,
FOR EXAMPLE, THEY JUST PASSED A
LAW CALLED MARKETING CRYPTO ACT
OR MICA WHICH IS A GLOBAL FIRST
IN TRYING TO REGULATE THE SPACE
HOLISTICALLY.
IT’S REALLY FOCUSED AT
PROTECTING RETAIL INVESTORS AND
CREATING DIGITAL TRANSPARENCY
AND A LOT OF THE CRYPTO
OFFERINGS.
THIS IS SOMETHING THAT WE CAN DO
IN THE U.S. BUT UNFORTUNATELY
THE REALITY IS THAT WE JUST
AREN’T DOING THAT.
NOW WE ARE FALLING BEHIND THE
INDUSTRY GLOBALLY.
U.S. COMPANIES, CITIZENS,
CONGRESSMAN ARE PUSHING FOR
REGULATORY GUIDANCE FROM SEC AND
SEEMINGLY REFUSE TO GO PROVIDE
-- REFUSING TO PROVIDE IT.
HE CONTINUED TO DODGE THOSE
QUESTIONS.
WHAT IS THAT GOING TO MEAN FOR
US?
AMERICAN FIN TECH DOMINANCE ARE
GOING TO STRUGGLE AND MOVE
OUTSIDE OF JURISDICTIONS.
MARIA: WELL, BECAUSE WE DON’T
KNOW WHOSE JURISDICTION IT IS.
WE DON’T KNOW IF IT’S THE SEC OR
ANOTHER AGENCY THAT WILL BE
OVERSEEING THIS.
MARK: HEY, LOOKS LIKE OVER THE
COURSE OF LAST FEW YEARS BITCOIN
WAS BENEFICIARY OF TWO MAJOR
THINGS, LIQUIDITY WHICH IS GOING
NEGATIVE AND NUMBER TWO THE
FLIGHT TO SAFETY AS DEPOSITS
CAME OUT OF SMALLER SEEMS, IT
SEEMS LIKE IT MAY HAVE FOUND A
HOME IN BITCOIN.
WITH THOSE NO LONGER BEING THE
CASE, DO YOU THINK THAT PRESENTS
HEADWINDS FOR BITCOIN GOING
FORWARD?
>> I THINK INEVITABLE THERE’S
NOT CLEAR REGULATORY FRAMEWORKS
PARTICULARLY IN THE U.S. THERE’S
GOING TO BE HEADWINDS, RIGHT.
GREAT EXAMPLE LOOK AT COIN BASE,
COIN BASE YESTERDAY JUST FILED
TO SEC FORCING THEM TO HAVE TO
PROVIDE A RULING ON A FILING A
YEAR AGO.
SEC WILL HAVE TO GIVE THEM AN
ANSWER WHICH THEY FULLY
ANTICIPATE IS NEGATIVE.
ONCE THE RULING IS NEGATIVE,
COIN BASE CAN FIGHT THAT IN THE
COURTS.
SO IT’S HARD TO BUILD A GLOBAL
BUSINESS WITHIN A JURISDICTION
THAT WHERE HE FUSES TO PLAY BALL
WITH YOU.
BITCOIN IS GOING TO SUFFER
PARTICULARLY IN THE U.S. UNTIL
REGULATORY FRAMES ARE MADE MORE
CLEAR.
MARIA: WELL, I MEAN, COIN-BASE
IS SUING THE SEC.
THEY ARE ASKING THE REGULATOR TO
SHARE LIKE YOU SAID, PUBLICLY
SHARE THE ANSWER TO MONTH-OLD
POSITION.
IS THAT THE WAY THE REGULATORY
ENVIRONMENT SHOULD CHANGE, THE
EXISTING FRAMEWORK?
>> SO AT REPUBLIC, WE BUILT
EVERYTHING WE DO AT REPUBLIC ON
1930 SECURITY LAW AND WE
TOKENNIZE AN THOSE FRAMEWORKS.
IT’S EXTREMELY DIFFICULT.
WE WENT THE HARD WAY AND
DIFFICULT ROUTE AND INEVITABLE
THAT CANNOT BE REALITY.
MARIA: OKAY, WE HAVE BREAKING