Here’s what happened in crypto today
Today in crypto, Deloitte forecasts that tokenized real estate could reach over $4 trillion by 2035, highlighting a projected compound annual growth rate of over 27% from less than $300 billion in 2024. This transformation is attributed to shifts in property ownership and the growing importance of blockchain technology. Meanwhile, U.S. Senator Cynthia Lummis criticized the Federal Reserve’s recent decision to withdraw crypto guidance for banks, labeling it as mere lip service rather than real progress. Lummis pointed out flaws in the Fed's announcement, particularly referencing guidelines that classify digital assets as 'unsafe and unsound.' Additionally, SEC Chair Paul Atkins, in his inaugural address, discussed the potential benefits of blockchain technology, emphasizing the need for clear regulatory frameworks. He expressed intent to engage with market stakeholders to create coherent regulations for digital assets, countering the ambiguity seen during the previous administration's approach to crypto regulation.
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