BlockFi CEO: Regulators’ Interest Is Good for Crypto Ecosystem Growth

According to Cointelegraph, Zac Prince, CEO of crypto lender BlockFi, said he agrees with U.S. Senator Elizabeth Warren that there is a lot of noise in the crypto industry. However, he expects the clarity of regulations to have a positive impact on the ecosystem. describing regulators’ interest in cryptocurrencies as a natural progression for the technology, Prince said discussions such as Wednesday’s Senate Banking Committee hearing were very positive for the general trend of the cryptocurrency industry. prince noted that the crypto industry is creating a lot of new jobs across the board. Asked for his thoughts on upcoming cryptocurrency regulations, he said he expects the rules to benefit the industry. prince said, “clear regulation allows companies like BlockFi to continue to innovate. It allows consumers and investors to participate in this space with the utmost confidence.”