Coinbase (COIN) will serve as the custodian for many of the spot bitcoin ETFs that were approved by the US Securities and Exchange commission last week.
Coinbase Chief Policy Officer Faryar Shirzad speaks with Yahoo Finance’s Julie Hyman and Brian Sozzi about the approval from the World Economic Forum annual meeting in Davos, Switzerland.
Shirzad argues the approval will bring new investors into the crypto community and it “put the SEC on record as blessing an important crypto product.” He goes on to explain that “virtually every G20 economy” has adopted or is in the process of adopting a regulatory framework for crypto, adding that “in a way, the debate in the United States has made the US less relevant” in regulatory talks.
Watch the video above to hear why Shirzad is hopeful that, someday, crypto will be treated like money.
This interview is part of Yahoo Finance’s exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
Editor’s note: This article was written by Stephanie Mikulich
