The president of the New York Stock Exchange, Lynn Martin, declared during the Consesus 2024 event held by the specialized media “CoinDesk”, that to offer cryptocurrencies they must wait for there to be clear rules and regulations on the matter.

According to Martin, “crypto assets would represent an opportunity to take into account,” but clarity in regulations is required from the government.

There are various obstacles around digital currencies that prevent the migration of traditional companies as well as the adoption of existing blockchain platforms to adapt to the current trend.

This was stated at the event’s round table by Tom Farley, CEO of the Bullish cryptocurrency exchange, stating that “the lack of regulation is also hindering innovation.”

He indicated that regulators will most likely force “traditional finance companies (TradFi) to develop private blockchains instead of using existing blockchains for their operations.”

Farley highlighted that the success of spot Bitcoin exchange-traded funds (ETFs) is a clear sign that there is demand for regulated crypto products.

There is a long way to go, however Donald Trump’s change in attitude towards Bitcoin could represent a boost to the increase in its adoption and pave the way in regulatory matters.

M.Pino

Source: bancaynegocios

(Reference image source: David Vives in Unsplash)

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La entrada New York Stock Exchange awaits clear regulations to offer cryptocurrencies apareció primero en Bitfinance.

Intercontinental Exchange (ICE), the company that owns the New York Stock Exchange (NYSE), has announced a remodeling of the management leadership of the manager of the New York Stock Exchange, which will mean the replacement from next year of the company’s president, Stacey Cunningham by Lynn Martin.

In addition to the appointment of Martin, current chair of the fixed income and data services area of the ​​ICE, the parent of the manager of the New York Stock Exchange has appointed Sharon Bowen, a director of both firms, as the new chairman of the NYSE board.

On the other hand, Mark Wassersug, ICE’s chief operating officer, will move to a new position as the entity’s chief information officer, overseeing leading technology implementations and working closely with Mayur Kapani, ICE’s chief technology officer, whom he will replace. in office.

As this happens, Stuart Williams, who is currently President of the ICE  Futures Europe, will move to the position of Chief Operating Officer, reporting to the President of the company, Ben Jackson.

“The organizations around the world adapt to a world transformed by the pandemic, and our management team evolves along with the market environment,” stated Jeff Sprecher, founder, president and CEO of the ICE.

Source: dpa

La entrada Lynn Martin named president of the New York stock exchange apareció primero en Bitfinance.