Bullish CEO Sees Growth Catalyst In Crypto Market Structure Bill: ‘Not Having To Go To Each Of The 50 States’ To Gain Approvals Will Be A ‘Boon’
Thomas Farley, the CEO of Bullish (NYSE:BLSH), said on Wednesday that the passage of the cryptocurrency market structure bill will be “great” for the company and the broader industry.
Unified Framework To Bypass Individual State Laws?
During the company’s third-quarter earnings call, Farley expressed optimism that the bill would ultimately pass into law due to what he views as “bipartisan support.”
“I think it will be very helpful for the crypto industry, largely because of preemption, in other words, not having to go to each of the 50 states to get their very particular, in some cases, approvals for operating in the crypto business,” Farley said.
He added that this alone would be a “boon” for infrastructure providers like Bullish.
Farley also mentioned that the “legal certainty” the legislation would provide, akin to that on the stablecoin side following the GENIUS Act, could attract institutions, tokenization …
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