CoinDesk Podcast Network Hormuz Risks, BTC vs. Gold and Abra to Go Public | Public Keys at NYSE
Mar 16, 2026
Simeon Hyman, ProShares strategist linking crypto to multi-asset portfolios. Bill Barhydt, Abra CEO steering a SPAC and DeFi yield products. Andrew McCormick, eToro US lead expanding retail crypto and navigating licensing. They discuss Hormuz geopolitics and market effects. Bitcoin versus gold and equities. eToro’s NY rollout, Abra going public, and crypto index and yield product strategies.
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Push For Durable Market Structure Legislation
- Push for clear, durable market-structure legislation to avoid regulatory uncertainty that changes with political cycles.
- Andrew McCormick urged Congress to provide a 2026 Clarity Act so firms can plan long-term despite varied state rules.
Abra Files SPAC Amid Strong DeFi Tailwinds
- Abra announced a SPAC deal valuing the company around $750 million to go public and scale its digital asset wealth products.
- Bill Barhydt cited tailwinds like the Genius Act, anticipated Clarity Act, ETFs, and rising DeFi demand as timing reasons.
Institutions Seek DeFi Yield And Staking Exposure
- Institutional interest is shifting toward DeFi yield products including stablecoin yield, Bitcoin-backed yield, and staking, not just spot exposure.
- Bill Barhydt said Abra offers dollar stablecoin yield, Bitcoin-backed yield, staking, and diversified digital asset products widely in demand.