TL;DR

Wall Street has changed its stance towards cryptocurrencies, driven by the support of the Trump administration and the willingness of major financial institutions.
Trump has confirmed the creation of a strategic Bitcoin reserve, which has contributed to its acceptance within the traditional financial system.
Companies like Citadel, CME Group, and Singapore’s SGX are increasing their involvement in the digital asset market.

The crypto world has drastically changed within Wall Street, due to the shift in the attitude of traditional financial institutions.

During the recent Futures Industry Conference in Florida, executives from major financial firms showed great interest in digital assets, as evidenced by their willingness to explore business opportunities with blockchain companies. This change is linked to the support of the Donald Trump administration, which has promoted this industry as a key part of the U.S. financial system.

Cryptocurrencies Make Their Mark in Traditional Finance

Trump has been an active advocate for the crypto market since taking office, which has granted it a new status on Wall Street. Recently, the former president announced the creation of a strategic Bitcoin reserve, a symbolic measure that will strengthen the legitimacy of cryptocurrencies as financial instruments recognized by the traditional system.

As a result of these developments, companies such as Citadel Securities, CME Group, and Intercontinental Exchange have expressed their intention to increase their presence in the crypto market. Citadel, for example, is considering becoming a liquidity provider for digital assets, an area with which it had previously been more hesitant.

The SEC’s Shift is Crucial for the Industry

The evolution of the regulatory framework has also played a crucial role in this paradigm shift. Under the Trump administration, the Securities and Exchange Commission (SEC) has taken a more friendly stance towards cryptocurrencies, dropping previous investigations and suspending legal actions against several companies in the sector. More flexible regulations are opening doors for more financial institutions to get involved in the digital asset business.

This week’s conference showed that the collaboration between traditional finance and the crypto market is taking shape. An example of this is the participation of companies like Singapore’s SGX, which announced plans to list Bitcoin perpetual futures. Additionally, several banking entities are exploring how to facilitate transactions and services for crypto companies, which signals greater integration of these companies into global financial markets.

The path towards the acceptance and widespread use of cryptocurrencies seems to be clearing up. The shift in Wall Street’s attitude and governmental support are fostering the creation of an ideal environment for digital assets to solidify as established financial instruments

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Filed under: News - @ March 14, 2025 5:38 pm