Bitcoin ETFs and Banking Rules

Circles co-founder and CEO Jeremy Allaire expects the next wave of Bitcoin exchange traded funds or ETFs to be approved. He says past concerns of regulators are being addressed, suggesting that these kinds of products are more likely to be approved for general investor access. The EU earlier this morning secured a political deal on new bank capital legislation, including for crypto assets after lawmakers sought prohibitive rules to keep unbacked crypto out of the traditional financial system.