Brett Winton, strategist of asset management company Ark Invest, has recently released a report in which he pleads for the US government to not only not impede the development of the cryptocurrency market but to actively promote its growth in order to help drive the US economy.
Comparing restrictive policies towards the crypto market to a ban on the English language, Winton believes that denying its development would undermine the dollar’s dominance at the global level.
His report shortly follows the US Securities and Exchange Commission’s (SEC) decision to delay until October consideration of applications for the issuance of spot Bitcoin ETFs.
Winton believes that BTC is key for the reform of the financial infrastructure and argues that its integration into the state’s payment system must occur in order to maintain the dollar’s strength in the global economy.
