I recently read the post on how NYSE has applied for the NFT trademark and how they wish to proceed on the future of NFT and the crypto.
This shows us how the crypto would be taking the step towards the regulated part of the stock exchange. Don't be surprised if you see the bitcoin, ethereum and few other crypto being part of the INDEX funds or the growth funds of various stock exchanges.
In fact many fund managers are in process of applying in their nation for the crypto as a component of their fund houses.
How this will help average consumers?
Let's face it. Average consumers don't want to chase 100 cryptos that are out there. Many who are into crypto too are tired of monitoring plenty of cryptos which are nothing but fly by night tokens.
Unless there are crypto coins and the blockchains having some specific use case. They don't offer anything strong to average consumers that spends more time outside finance domain. For them stock exchanges having this under funds solve the real life problem.
How this is not good for the freedom fighters and communists?
A lot of freedom fighters on internet want to get rid of govt because they think that would solve big problem of this world. Communist who want people to own crypto and destroy FIAT are also not new to us.
For them this type of the regulated crypto in exchanges is bad. Because of decentralized use cases being reduced. And also the KYC and other centralized issues would continue to haunt them as they use it.
My View
I personally think regulation of many coins would help the consumers who don't know how to secure their keys and keep the address in some place where they can pull from as well. So such type of the progress and acceptance of crypto in the normal market is a good thing.
What do you think?
I know that no two people are alike. And what I find useful may not be the case for you either. So it's something I would love to know if your opinion on this is constructive and different than mine. Do let me know about it in the comments.