Will Circle’s IPO be a net positive for crypto adoption and legitimacy?
Or is this just another centralized actor trying to capitalize on crypto’s rails while playing Wall Street’s game?
Who says it has to be one or the other? It can be both.
The Circle IPO signals that crypto in the US will be pretty lax in terms of regulation over the next few years. At the same time, Circle is a typical business trying to make money (which is obviously not a bad thing).