Sam Bankman-Fried, CEO of FTX, believes that 2022 will be a year of regulatory clarity for the cryptocurrency industry

Sam Bankman-Fried thinks that the cryptocurrency business would benefit from a more defined regulatory framework in 2022, not only in the United States but globally.

If you’re an anarchist who views cryptocurrency as an anti-establishment weapon, this may cause you discomfort. FTX CEO Sam Bankman-Fried anticipates a tsunami of regulatory action beginning in 2022 – which, in his opinion, is a good thing.

In an interview with Bloomberg, the well-known cryptocurrency strategist discussed the regulatory environment for the sector, the status of NFTs, crypto gaming, the metaverse, and FTX’s brand recognition efforts.

Regulating Cryptocurrencies: A Slow But Life-Changing Process

Sam Bankman-Fried said that the cryptocurrency business as a whole has garnered the attention and respect of authorities worldwide. Political attempts in Congress, the SEC, the CFTC, and other government agencies to address this problem are a symptom of this development. And, according to Bankman-projections, Fried’s 2022 will be considerably busier in this area.

As a responsible CEO of a cryptocurrency exchange, Sam Bankman-Fried thinks that the government’s attitude will bolster cryptocurrency trading by greatly easing the admission of major investors.

“I’m positive about it (Bitcoin’s price), and the reasons for my optimism are mostly (connected to) more regulatory certainty in the US and worldwide, -which I believe would be really beneficial- and institutional adoption. And I believe they are also linked.”

Other renowned experts and investors in the bitcoin field have expressed a similar sentiment. Mike Novogratz, CEO of Galaxy Digital, is one such example. He has consistently emphasised the significance of institutional money to drive a fresh bull run and promote a more robust sector.

Sam Bankman-Fried, on the other hand, views the process as progressive rather than abrupt. He said that he does not anticipate anything visible in the next three to six months but rather anticipates a gradual process that would be “drawn out” over many years.

Sam Bankman-Fried Discusses The More General Crypto Space

Sam Bankman-Fried also addressed a number of other pertinent issues throughout his conversation. He said that almost every financial institution with whom he has talked is interested in joining or researching the domain of cryptocurrencies and blockchain technology.

He also said that he anticipates that 2022 will signal the start of a big shift in stablecoin regulation, with the SEC and CFTC likely to play a larger role.

He also discussed the possibilities for NFTs in the game business and the metaverse’s growth. He thinks that developing a viable crypto-gaming sector would take years, but he does not exclude the possibility of it growing to be a worldwide large industry:

“I believe we will begin to witness the advent of digital assets there” (in the metaverse). That, I believe, will occur within the next several years.”

According to Sam Bankman-Fried, Meta (which is nothing more than a metaverse-focused rebranding of Facebook’s social media juggernaut) will serve as a catalyst for this expansion. He does, however, anticipate that activity around NFTs as we know them today will wane somewhat before large players arrive.

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