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Osprey Funds, a Tarrytown, New York-based digital asset management firm, has launched the Osprey Solana Trust for private placement.

Osprey Funds Debuts Solana Fund

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When Congress reconvenes later this month, one of the items that it may consider is the regulation of cryptocurrency. Sen. Pat Toomey (R-PA), the ranking member of the Senate Banking Committee, has been particularly eager to have this issue addressed.

ANALYSIS: Is Federal Regulation Of Cryptocurrency Coming Anytime Soon, If At All?

Chain Bridge Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBNA#NYSE">CBNA</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.55 by 7.27 percent.

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CBNA

Chain Bridge Bancorp Q4 2024 GAAP EPS $0.59 Beats $0.55 Estimate

Paragon 28 has announced net revenue for the full year of 2024 to be in a range of $255.9 to $256.2 million, representing 18.2% to 18.4% reported growth over the prior fiscal year.&nbsp;
Zimmer Biomet expects the proposed transaction, considering the impact of financing, to be approximately 3% dilutive to adjusted earnings per share in 2025, about 1% dilutive to 2026 adjusted earnings per share and accretive to adjusted earnings per share within 24 months of deal close.
Zimmer Biomet plans to fund the proposed transaction through a combination of cash on the balance sheet and other available debt financing sources. Zimmer Biomet expects to maintain a strong balance sheet and to continue to support its stated capital allocation priorities.

Zimmer Biomet Expects Proposed Paragon 28 Transaction To Immediately Accelerate Revenue Growth And To Be Approximately 3% Dilutive To Adjusted EPS In 2025

Paragon 28 shareholders will also receive a non-tradeable contingent value right (CVR) entitling the holder to receive up to $1.00 per share in cash if certain revenue milestones are achieved.&nbsp;
The CVR will be payable in whole or in part if net sales exceed $346 million up to $361 million (with the CVR payments calculated linearly between $0.00 and $1.00 if net sales are between $346 million and $361 million) during Zimmer Biomet's fiscal year 2026.&nbsp;
The board of directors of each of Zimmer Biomet and Paragon 28 has unanimously approved the proposed transaction.
 &nbsp;

Zimmer Biomet To Acquire Paragon 28 For Upfront Payment Of $13.00 Per Share In Cash, Corresponding To An Equity Value Of $1.1B And Enterprise Value Of $1.2B

Jones Trading analyst Soumit Roy initiates coverage on OnKure Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKUR#NASDAQ">OKUR</a>) with a Buy rating and announces Price Target of $32.

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Analyst Ratings

OKUR

Jones Trading Initiates Coverage On OnKure Therapeutics with Buy Rating, Announces Price Target of $32

Jefferies analyst Rob Dickerson maintains WK Kellogg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) with a Hold and lowers the price target from $19 to $16.

Jefferies Maintains Hold on WK Kellogg, Lowers Price Target to $16

The Food and Drug Administration on Tuesday approved Ozempic, the weight loss drug made by Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>), for the treatment of chronic kidney disease in patients who also <a href="https://www.benzinga.com/25/01/42875977/novo-nordisk-seeks-to-strengthen-its-obesity-pipeline-with-back-to-back-two-biobuck-deals">have type 2 diabetes. </a>
The Details: According to the Centers for Disease Control and Prevention, more than 35.5 million Americans have chronic kidney disease, often as a complication of type 2 diabetes. The new FDA approval allows for further expansion of Ozempic's use and potential coverage by health insurance plans.&nbsp;
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43254018/sofi-stock-falls-on-soft-guidance-despite-strong-quarter-with-record-member-growth-loan-originations-analyst"> SoFi Stock Falls On Soft Guidance Despite &#8216;Strong Quarter&#8217; With Record Member Growth, Loan Originations: Analyst&nbsp;</a>
The FDA approval "allows us to more broadly address conditions within cardiovascular-kidney-metabolic syndrome, which affects millions of adults and could have serious consequences if left untreated," Anna Windle, a senior vice president at Novo Nordisk, said in a statement Tuesday, per a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-01-28/novo-s-ozempic-notches-approval-for-kidney-disease-widening-use?sref=TBDibEcD">report</a>.&nbsp;
Ozempic and other diabetes drugs known as GLP-1s have become popular and also well-known for their high cost.&nbsp;
Earlier in January, Novo Nordisk's diabetes and weight loss drugs, Ozempic, Rybelsus, and Wegovy were all added to the U.S. Department of Health and Human Services list of drugs covered under Medicare Part D that<a href="https://www.benzinga.com/25/01/43062779/popular-ozempic-wegovy-selected-for-next-round-of-medicare-drug-price-negotiations"> have been selected</a> for mandated price negotiations in order to reduce <a href="https://www.benzinga.com/general/biotech/24/08/40534249/novo-nordisks-ozempic-might-be-among-2027-medicare-price-negotiation-targets">prescription drug costs</a>.
The negotiations will take place in 2025, with the new prices slated to take effect in 2027.
NVO Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Novo Nordisk shares ended Tuesday's session down 2.65% at $85.19.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/43287988/microsoft-q2-preview">Microsoft Q2 Earnings Preview: Street &#8216;Too Optimistic&#8217; On Near-Term AI Returns?&nbsp;</a></li>
</ul>
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Ozempic Receives FDA Approval To Treat Kidney Disease

Trading Halt: Halt status updated at 5:50:00 PM ET: Quotation Resumption: News and Resumption Times

Finward Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNWD#NASDAQ">FNWD</a>) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.20 by 145 percent. This is a 40 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $16.34 million which beat the analyst consensus estimate of $16.00 million by 2.12 percent. This is a 5.75 percent increase over sales of $15.45 million the same period last year.

FNWD

Finward Bancorp Q4 2024 GAAP EPS $0.49 Beats $0.20 Estimate, Sales $16.34M Beat $16.00M Estimate

Compass Point analyst Giuliano Bologna upgrades Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from Sell to Neutral and raises the price target from $20 to $61.

Upgrades

AFRM

Compass Point Upgrades Affirm Holdings to Neutral, Raises Price Target to $61

The options include a possible sale of the company, business combination, sale of all or part of the Company's assets, licensing of assets, restructuring, or other strategic action.

23andMe Reveals Process To Explore Strategic Alternatives

Compass Point analyst Joe Flynn initiates coverage on Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) with a Buy rating and announces Price Target of $10.

APLD

Compass Point Initiates Coverage On Applied Digital with Buy Rating, Announces Price Target of $10

Synaptics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) shares are rising in extended trading Tuesday after the company signed a <a href="https://www.benzinga.com/pressreleases/25/01/g43286953/synaptics-accelerates-edge-ai-strategy-with-new-broadcom-agreement">licensing agreement with Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</a>.
What Happened: After the market close on Tuesday, Synaptics announced it&#8217;s accelerating its Edge <a href="http://benzinga.com/topic/ai">AI</a> strategy through a definitive licensing agreement with Broadcom.
The agreement includes Wi-Fi&nbsp;8, ultra-wideband (UWB), Wi-Fi 7, advanced Bluetooth and GPS/GNSS products and technology for IoT and the Android ecosystem.
&#8220;Our wireless technology and capabilities are cornerstones of our success in IoT markets,&#8221; said Michael Hurlston, president and CEO of Synaptics. 
&#8220;We are now developing this expertise to enable ecosystems with centralized control and seamless connectivity to a rapidly growing array of Edge AI devices. Our platform history, proven track record, and strategy uniquely position us to integrate Broadcom&#8217;s technology and fully deliver on the potential of IoT connectivity.&#8221;
Check This Out: <a href="https://www.benzinga.com/general/restaurants/25/01/43288533/starbucks-q1-earnings-revenue-beat-eps-beat-memberships-up-1-positive-response-to-turnaround-efforts">Starbucks Q1 Earnings: Revenue Beat, EPS Beat, Memberships Up 1%, &#8216;Positive Response&#8217; To Turnaround Efforts</a>
Synaptics said the deal is expected to add&nbsp;at least $40 million in annualized sales. The company also expects the transaction to be immediately accretive to adjusted earnings per share. 
The all-cash transaction is expected to close on Jan. 30. Financing details were not provided, but Synaptics said it will provide more information on the transaction when it reports <a href="https://www.benzinga.com/calendars/earnings">second-quarter earnings</a> on Feb. 6. 
Analysts currently expect Synaptics to report earnings of 86 cents per share and revenue of $265.14 million for the second quarter, according to <a href="http://pro.benzinga.com">Benzinga Pro</a> estimates.
SYNA Price Action: Synaptics shares were up 5.13% in after-hours, trading at $84.66 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
This illustration was generated using artificial intelligence via Midjourney.

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AVGO

SYNA

Synaptics Stock Climbs On Broadcom Deal Focused On Edge AI

MGNI

Magnite Says Working With Sky New Zealand To Power Programmatic Advertising On Sports Streaming Platform, Sky Sport Now

Compass Point analyst David Rochester downgrades Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) from Buy to Neutral and announces $70 price target.

Downgrades

Compass Point Downgrades Synchrony Finl to Neutral, Announces $70 Price Target

Through this contract, Planet joins the Copernicus Contributing Missions, officially contributing commercial satellite data alongside ESA's Sentinel satellite data to the Copernicus services.

Planet Labs Germany GmbH Signs Multi-year Contract With The European Space Agency

CIBC analyst Paul Holden maintains Sun Life Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SLF#TSX">SLF</a>) with a Outperformer and raises the price target from C$96 to C$97.

TSX:SLF

CIBC Maintains Outperformer on Sun Life Financial, Raises Price Target to C$97

It is payable March 17, 2025, to shareholders of record at the close of business on March 3, 2025.

Dividends

Stifel Financial Boosts Quarterly Common Stock Cash Dividend By 10% From $0.42 To $0.46 Per Share

This settlement concludes Aspen's legal action against AMA regarding the unauthorized sale of infringing aerogel insulation materials in Europe.

Legal

ASPN

Aspen Aerogels Reaches Agreement To Resolve Its Patent Dispute With AMA; No Terms Disclosed

CIBC analyst Paul Holden maintains Manulife Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MFC#TSX">MFC</a>) with a Neutral and raises the price target from C$46 to C$47.

TSX:MFC

CIBC Maintains Neutral on Manulife Financial, Raises Price Target to C$47

Primis Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRST#NASDAQ">FRST</a>) reported quarterly losses of $(0.65) per share which missed the analyst consensus estimate of $0.11 by 690.91 percent. This is a 285.71 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $39.30 million which beat the analyst consensus estimate of $24.78 million by 58.63 percent. This is a 0.17 percent increase over sales of $39.24 million the same period last year.

Earnings Misses

FRST

Primis Finl Q4 Adj EPS $(0.65) May Not Be Comparable to $0.11 Estimate, Sales $39.30M Beat $24.78M Estimate

Press Releases

Osprey Bitcoin Trust Announces Termination of Tender Offer

Osprey Bitcoin Trust Announces Exploration of Strategic Alternatives and Voluntary Deregistration

Osprey Funds and Bitwise Asset Management Announce the Bitwise Bitcoin ETF to Acquire the Assets of the Osprey Bitcoin Trust

Osprey Announces Termination of Asset Purchase Agreement

Osprey Funds to Convert the Osprey Bitcoin Trust (OBTC) into an ETF

OTC Markets Group Announces the 2025 OTCQX Best 50

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ZCSH

Osprey Funds, LLC ("Osprey"), the sponsor of the Osprey Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/OBTC#OTCQX">OBTC</a>) (the "Trust" or "OBTC"), the Bitwise Bitcoin ETF ("BITB" or the "Fund") and Bitwise Asset Management ("Bitwise") today jointly announced the entry into an Asset Purchase Agreement pursuant to which BITB will acquire the assets of the Trust. As part of this transaction, OBTC unitholders will receive shares of BITB as part of a liquidating distribution of OBTC. For existing BITB holders, there will be no changes to their shares or any changes to the operation of BITB.

Osprey Funds And Bitwise Asset Management Announce The Bitwise Bitcoin ETF To Acquire The Assets Of The Osprey Bitcoin Trust

Osprey Funds, a Tarrytown, New York-based digital asset management firm, has launched the Osprey Solana Trust for private placement.

What Happened: According to the company, the new offering is the first investment vehicle to offer exposure to Solana (CRYPTO: SOL), the native token used on the Solana <a href="https://www.benzinga.com/money/best-blockchain-penny-stocks/">blockchain</a>.

The Osprey Solana Trust is now available to accredited investors for subscription with a $10,000 minimum investment. The company stated that it intends to list the fund on the OTCQX market &ldquo;as soon as possible&rdquo; and also agreed to waive the management fee for investors until January 2023.

&ldquo;The pedigree of the science and potential of the technology behind Solana is unique among current blockchains,&rdquo; said Greg King, CEO of Osprey Funds. &ldquo;Solana has the potential to become the rails of an integrated, decentralized financial network that establishes one global price for assets.

&ldquo;With the debut of the Osprey Solana Trust, we are continuing to build onramps for investors to access what we believe are the most promising <a href="https://www.benzinga.com/money/best-blockchain-penny-stocks/">blockchain</a> technologies,&rdquo; King added.

Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/21/09/22803217/analysis-is-federal-regulation-of-cryptocurrency-coming-anytime-soon-if-at-all">ANALYSIS: Is Federal Regulation Of Cryptocurrency Coming Anytime Soon, If At All?</a>

What Else Happened: The Osprey Solana Trust is the fourth product launched by the company this year, following its Osprey Bitcoin Trust (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OBTC#OTC">OBTC</a>), Osprey Polkadot Trust and Osprey Algorand Trust.

Osprey Funds&rsquo; King recently predicted that a Bitcoin (CRYPTO: BTC) exchange-traded fund could become a reality as early as next year, although he had hoped it would have occurred much sooner.

&ldquo;This is something that we&#39;ve actually been involved with for a long time,&rdquo; he said in a <a href="https://finance.yahoo.com/video/2022-earliest-could-see-bitcoin-192702545.html">Yahoo Finance</a> interview. &ldquo;The parent company, the Osprey, filed for a Bitcoin ETF in 2017. So, we&#39;ve been in dialogue with the SEC staff since then.

&ldquo;And if a Bitcoin ETF is coming through the Gensler administration, my view is it&#39;s not going to happen this year. I think there are so many things on their plate, it&#39;s going to take them a while to assess the situation.&rdquo;

When Congress reconvenes later this month, one of the items that it may consider is the regulation of cryptocurrency. Sen. Pat Toomey (R-PA), the ranking member of the&nbsp;Senate Banking Committee, has been particularly eager to have this issue addressed.

&ldquo;Rather than trying to ignore or suppress <a href="https://www.benzinga.com/money/best-cryptocurrency/">cryptocurrency</a> and related technologies, regulators and legislators alike need to recognize that open, public networks are here to stay,&rdquo; said Toomey in a press statement. &ldquo;Our laws and regulations must adapt to these developments.&rdquo;

Sen. Elizabeth Warren (D-MA), the committee&rsquo;s chairwoman, has faulted the U.S. Securities and Exchange Commission for not proactively pursuing <a href="https://www.benzinga.com/money/best-cryptocurrency/">cryptocurrency</a> regulation.

&ldquo;While demand for cryptocurrencies and the use of <a href="https://www.benzinga.com/money/best-cryptocurrency/">cryptocurrency</a> exchanges have skyrocketed, the lack of common-sense regulations has left ordinary investors at the mercy of manipulators and fraudsters, wrote Warren in a letter to SEC Chairman Gary Gensler. &ldquo;These regulatory gaps endanger consumers and investors and undermine the safety of our financial markets. The SEC must use its full authority to address these risks, and Congress must also step up to close these regulatory gaps and ensure that every investor has access to a safe cryptocurrency marketplace.&rdquo;

But Gensler has insisted that Congress needs to give the SEC the authority to take the lead on the issue rather than expect his agency to act unilaterally.

&ldquo;If we don&rsquo;t address these issues, I worry a lot of people will be hurt,&rdquo; he said.

Cryptocurrency is hardly a new concept, yet federal regulation of this sector has failed to keep up with its expanding popularity. This raises two questions: Why has the government been slow to regulate <a href="https://www.benzinga.com/money/best-cryptocurrency/">cryptocurrency</a> and can the crypto sector expect Washington to take action in the near future?

The Regulatory Slow Walk: Capitol Hill&rsquo;s lethargy in regulating cryptocurrency could be partially blamed on a generational gap, with much of the congressional leadership being out of touch with investing trends embraced by their younger constituents.

&ldquo;A lot of the politicians are older folks in general,&rdquo; observed Mark DiMichael, partner in the forensic, litigation and valuation services department at Citrin Cooperman.&nbsp;&ldquo;I think they&#39;re just not grasping how big it&#39;s becoming in the world, and they&#39;re not sure what to do with it.&rdquo;

Steven Steele, host of the crypto-focused YouTube talk show &ldquo;Steven Steele Live,&rdquo; concurred with DiMichael about older legislators confused over changing times.

&ldquo;When I&nbsp;hear them talk about cryptocurrency, it reminds me of listening to parents in the 1980s that were involved with the Parents Music Resource Center warning about the dangers of heavy metal music,&rdquo; he quipped. &ldquo;There&#39;s just a lot of hyperbole and disinformation that they don&#39;t even understand the nature and the basic fundamentals of cryptocurrency. It can be kind of scary that many of those people are dictating legislative decisions surrounding it.&rdquo;

Steele added that not every legislator is unwilling to learn, noting that &ldquo;some of our elected leaders are starting to make an effort now to learn more about it, and we&#39;re seeing some progress in that way.&rdquo;

Nonetheless, the federal government has a tradition of being reactive rather than proactive on changing trends, especially those with a high-tech angle.

&ldquo;The cryptocurrency market is almost, by definition, the cutting edge of tech,&rdquo; observed Greg King, CEO of Osprey Funds, a digital asset investment firm whose offerings include the Osprey Bitcoin Fund (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OBTC#OTC">OBTC</a>). &ldquo;Historically, it has been difficult for government to keep up with the pace of innovation, so they&#39;re always going to be a little bit behind.&rdquo;

And complicating matters is the nature of the subject in this spotlight. Unlike the regulation of specific financial institutions or products, there is no Bitcoin Inc. or Dogecoin LLC that can answer to regulatory concerns.

&ldquo;I think it&#39;s very hard to regulate something like Bitcoin, specifically, because it is the most decentralized of the cryptocurrencies,&rdquo; said Zachary Cummings, founder of NY Crypto Consulting.&nbsp;&ldquo;There&#39;s no leader, there&#39;s no one to really go after if you have an issue with the protocol.

&ldquo;That being said,&rdquo; Cummings added, &ldquo;I could see regulations applying to exchanges, the centralized places where people exchange cash for Bitcoin and, to some extent, already follow existing regulations concerning money transmitters.&rdquo;

&ldquo;They&#39;re not going to be able to completely regulate it,&rdquo; stated David Noble, director of Peter J. Werth Institute for Entrepreneurship and Innovation and associate professor at the University of Connecticut. &ldquo;What they are going to be able to regulate is the on- and off-ramps, from fiat to crypto and crypto to fiat. They are going to be able to regulate how other regulated parties interact with crypto.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="200" src="https://www.youtube.com/embed/H_JDWyGL1fE" width="330"></iframe>

Taking The Reins: Whichever regulatory agency takes charge of regulating cryptocurrency, it will most likely not&nbsp;answer the political agendas of Congress or the White House.

&ldquo;That work is done by independent regulators,&rdquo; said Peter Morici, professor emeritus of the Robert H. Smith Business School at the University of Maryland and former director of the Office of Economics at the U.S. International Trade Commission, who explained that while the president may appoint people to serve on the SEC, &ldquo;the White House doesn&#39;t have that much control over regulators once it appoints them.&rdquo;

But that leads to questioning which agency is going to be in charge of regulations. As mentioned earlier, the SEC has been cited as being responsible for this task, but it might not be entirely within its bailiwick.

Alan Konevsky, interim CEO and chief legal officer and board secretary of the blockchain technology provider tZERO Group Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TZROP#OTC">TZROP</a>) questioned whether the Commodities Futures Trading Commission would seek a leadership role, or if the Department of the Treasury would try to advocate for the creation of a new agency specifically focused on cryptocurrency regulations.

&ldquo;I think it&#39;s a bit of a mix,&rdquo; Konevsky said. &ldquo;You&#39;re going to see existing regulators flexing their jurisdiction and you&#39;re probably going to see some new authority coming into place &ndash; but whether that ends up with an existing regulator or a new agency or something else is an open question.&rdquo;

&ldquo;It&#39;s been definitely being split among multiple agencies,&rdquo; stated Citrin Cooperman&rsquo;s DiMichael, noting the sector covers such diverse considerations as payment processes, investments, assets and technology that it is not easily categorized in a single definition. &ldquo;It&#39;s so broad that it&#39;s not being monitored or regulated in any kind of centralized way, at least here in the United States.&rdquo;

DiMichael added that if cryptocurrency oversight was placed within existing agencies, the nature of the transactions doesn&rsquo;t fit traditional transactional regulations.

&ldquo;If you&#39;re a bank and the customer comes in with $50,000 cash, you have to fill out a Suspicious Activity Report and a Currency Transaction report,&rdquo; he said. &ldquo;But there&rsquo;s nothing like that for cryptocurrency. You don&#39;t need a big duffel bag of Bitcoin &ndash; you just keep it up a little thumb drive. So, they are going to be requiring recording of transactions of $10,000 or more going forward, and they&#39;re doing this for tax and IRS purposes.&rdquo;

Osprey Funds&rsquo; King stated that potential regulation could place less heavy emphasis on cryptocurrency users because they already have a mission of protecting investors and more on &ldquo;the Internet infrastructure players, the providers of services, the money transmitters, the exchanges, the lenders &ndash;there&#39;s some responsibility on the creators of each cryptocurrency as well.&rdquo;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="200" src="https://www.youtube.com/embed/PhbvS0Wo8zI" width="330"></iframe>

Welcome, Regulators: Unlike the examples set by some industries that fight vigorously against federal regulation, King doesn&rsquo;t see a great wave of opposition from the crypto sector against Washington&rsquo;s oversight.

&ldquo;I do see a push from parts of the industry itself,&rdquo; he said. &ldquo;At some point, a thing gets so big that it needs to be dealt with, and cryptocurrencies and digital assets have certainly passed that point.&rdquo;

Steven Steele believed the crypto audience was less worried about the notion of regulation and more concerned about having it applied in a sledgehammer style.

&ldquo;I think a certain degree of regulation is necessary to push for further mass adoption,&rdquo; he said. &ldquo;It&#39;s about having that balance with a certain degree of regulation that will help adoption and is necessary to cover the basics for consumer protections, but without the overreach that would stagnate the flourishing of the crypto markets.&rdquo;

But whether any serious movement will occur during the remainder of this year and into the 2022 midterm election year remains to be seen. The Werth Institute&rsquo;s Noble is skeptical the current political environment is ready for such action.

&ldquo;I&#39;m going to clearly and transparently state my biases here: I don&#39;t see the federal government functioning at a very high level,&rdquo; he said. &ldquo;I don&#39;t see it moving forward faster than the legislation around marijuana and the financial industry. My biases because of the polarization of the parties, there&#39;s very little initiative to work together and, and effectively govern the nation.&rdquo;

But TZero&rsquo;s Konevsky predicted cryptocurrency regulation will occur, though maybe not as soon as some people would hope.

&ldquo;It&#39;s never too late to regulate, right?&rdquo; he laughed.

Photo: Pete Linforth / Pixabay.

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