VanEck chief executive Jan van Eck is outlining what he thinks will be the biggest milestone for the crypto sector in 2025.
While speaking with Anthony Pompliano at Bitcoin Investor Week, Van Eck argues that stablecoins are the most interesting part of the digital asset world.
The CEO praises the stablecoin legislation working its way through the Senate, but he also says he’s worried US banking regulators will try to kill the bill or “say you have to be a bank to issue a stablecoin.”
Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in February. The legislation, which aims to establish regulatory clarity for stablecoins, passed out of the Senate Banking Committee earlier this month.
Van Eck also thinks there’s a “big opportunity” with tokenization.
“If Hester Peirce and the SEC do what they say they’re going to do… I don’t think we can imagine how much change there’s going to be in terms of tokenization of assets…
A lot of what’s been allowed in Europe regarding tokenization – they still say, ‘Well you have to be tethered to the traditional financial system because of the clearance mechanisms and things like that.’
But if you actually trust the blockchain to take care of the ownership of an asset, of a tokenized fund or whatever, that’s revolutionary. That will allow a lot of innovation to happen.”
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