With no federal regulatory framework, guidance will fall to the SEC and CFTC. It’s more important than ever to educate their clients on crypto.
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If passed, the more-than-600 page Clarity Act would split crypto oversight authority between the SEC and the CFTC.
Older investors tend to be more cautious, according to a Northwestern Mutual study.
The rules aim to provide a clear framework for certain investment contracts involving crypto assets.
The wirehouse will now let some clients buy and sell various cryptocurrencies on its self-directed platform.
In small amounts, crypto can offer diversification without exposing clients to outsized risk. If it underperforms, the damage is contained.
Advisors still aren’t the big crypto fans, viewing the asset class as too speculative and volatile to fit into a traditional financial plan.
Traders with less than $25,000 in assets in their margin accounts had been banned from making more than four trades across a five-day period.
Coinbase CEO Brian Armstrong said last week in response to Google’s paper that “we all need to solve it sooner rather than later.”
The crypto space is relatively small compared with other asset classes, but the hype train is barreling down the tracks.
Millions of dollars of crypto could be trapped in the abyss instead of being passed down as inheritance.
Securitize will be the exchange’s first digital transfer agent, creating blockchain-based versions of stocks and exchange-traded funds.
Digital currencies have different purposes both in the real world and portfolios.
The bank assigned overweight ratings to Cipher Mining and TeraWulf and a more cautious underweight rating to Marathon Digital.