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RE: Steemit Versus MEOS: The Showdown?
How?
We can add a name like JP Morgan to the list.
They're investor in Circle. They helped launch TUSD. They have one of the most active institutional blockchain departments in the world.
But Jamie can not publicly say that he is pro cryptocurrencies because fiduciary duties. As long as they could cause a drop in the price of share he will, compliantly, spew FUD.
That doesn't mean he is against. All tangible evidence leads to show that (JP) Morgan (Chase) support cryptocurrency.
But the SEC doesn't allow them to endorse that market. ¯\_(ツ)_/¯
Sounds about right. Jamie Dimon is not a stupid man by any stretch of the imagination.
Nobody, nobody wants to enter the niche more than those institutional players. As long as the system revolves around fiduciary duties, cryptoes are the gold rush for their wallets. Even more so with Trump having lifted many of the protections the previous administration installed after 2008. This is a wet dream for them and their funds managers would have field days for months, years to come even. And most countries talk about a holistic approach which means that the markets won’t start massively regulated when they do. So funds will be able to benefit larger swings than in other markets.
We won’t be talking about #moonsoon any more. “Moon” will not be enough once their funds make money available for the crypto markets.
But given the legal grey area, the moment any of those CEOs express such publicly right now... the SEC will be all over it and the shares will crash. And rather than basking in the upcoming millions of bonuses they will face the pink slip. Probably even without golden handshake due to legal reasons.