“I have seen a lot of speculation about BlockFi's risk management practices that I want to address. While it is our policy not to comment on specific counterparties, we are committed to providing as much transparency as possible, and it is important to know the following:” (BlockFi CEO Zac Prince)… “Spot ETPs have launched in other countries without incident and with great interest from investors. In Canada, for example, the first bitcoin spot ETP reached C$1.000 billion in assets under management a month after launch in 2020.[17] Spot cryptocurrency ETPs are also popular in Europe, where there are more than 70 cryptocurrency ETPs with an estimated total of €7 billion in assets.[18] ETPs in these other jurisdictions performed well, even in volatile markets. Why is the SEC reticent? When, if anything, does the growing maturity of bitcoin's spot markets and the success of similar products elsewhere tip the scales in favor of approval? Of course, the facts and circumstances of each application matter, but will I ever stop hearing that hackneyed question, "When will a bitcoin ETP come out?" (SEC Commissioner Hester Peirce in a speech on June 14)…” today's interview, I was asked if BTC can scale payments for transparency, my answer: 1) BTC absolutely can be a payment asset, in lightning, L2 or wrapped 2) BTC the chain does not intend to expand to millions of TPS, so global payments will not be directly 3) optimistic about blockchain payments. (FTX CEO Sam Bankman-Fried/Twitter)

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