The crypto industry is entering a new phase of development not driven by hype or retail volumes, as noted by Ayesha Kiani, Chief Operating Officer at MNNC Group. Institutional interest is growing, including stablecoin purchases and blockchain technology adoption in corporate structures.
Development of Institutional Interest
Ayesha Kiani, Chief Operating Officer at MNNC Group, highlighted in a Bloomberg interview that institutional interest in cryptocurrency is growing cautiously and thoughtfully. New trends include interest in buying stablecoins and adding Bitcoin and stablecoins to the balances of large companies like those in the Fortune 500 list. This indicates that the sector is evolving from merely speculative trading to gaining support among large corporations.
Regulation and Its Impact on the Market
Kiani noted that the Securities and Exchange Commission's decision to drop some lawsuits, especially against Coinbase and MoonPay, reflects changes in the Biden administration's stance on the crypto industry. The CFTC is also setting up working groups focused on digital assets. Despite the lack of a specific legal classification for cryptocurrencies, this no longer presents a major hurdle for industry growth.
Political Situation and Market Expectations
The impact of the Trump administration on the crypto industry has not lived up to investors' expectations, although Bitcoin and Ethereum are on track for the worst quarterly performance in seven years. However, Kiani claims that we are in a "very, very crypto-friendly environment." Trump's praised remarks at a recent conference and the active involvement of World Liberty Financial, a company tied to his family, underline this. However, favorable rhetoric has not yet translated into significant market movement.
The new stage of cryptocurrency development is not associated with retail volumes or hype but relies on institutional interest and support from major corporations. Regulatory changes create favorable conditions for the sector's development, but political uncertainty remains.
