Fidelity Optimistic About Bitcoin Regulation Under Biden Administration — Sees Strong Institutional Demand
Fidelity Digital Assets President Tom Jessop has shared his view on the future of bitcoin and cryptocurrency regulation under the Biden administration. He confirms that Fidelity is seeing strong demand for bitcoin from institutional buyers. Fidelity Digital Assets’ Head Optimistic About the Future of Bitcoin Jessop explained what he expects in terms of cryptocurrency regulation from the Biden administration in an interview with CNBC last week. Jessop is head of Corporate Business Development for Fidelity Investments and president of Fidelity Digital Assets. He began by talking about Joe Biden’s pick as the new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. Given the MIT blockchain professor’s experience in the space, Jessop said, “I think it paints a more generally constructive attitude, or a picture, in terms of what we might expect going forward.” The Fidelity Digital Assets head also believes that positive crypto regulations implemented during the...