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Bitcoin (BTC-USD) surged after President Trump signed an executive order on Thursday aimed at fostering crypto industry growth, with a focus on regulatory frameworks.
Samir Kerbage, chief investment officer at Hashdex, joins Morning Brief to explain that while the order didn’t immediately include bitcoin in a national reserve, it still marks a positive shift. Hashdex operates its own bitcoin ETF (^DEFI-TC).
“I think people were waiting probably... that this strategic reserve of bitcoin would be created from day one — but we know how those things take time, right," Kerbage says. "We need to look at those policies with care, and now this working group will have 180 days to design policies for the crypto industry. This is huge."
Kerbage also highlights recent Securities and Exchange Commission (SEC) actions and a new working group tasked with crypto policy and defining assets.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
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This post was written by Josh Lynch