Chicago Mayor Believes Crypto Adoption is “Inevitable”

Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week. The chief of staff for former US President Barack Obama said that while he is no expert in crypto technology, he believes digital assets could help financially unstable countries with their economic recovery. The politician thinks that “an alternative way of currency dealing with the debt markets is going to happen” at some point in the future. “One day, somebody’s going to figure out—whether that’s Argentina,…

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Bitcoin ETF Approval | Abra CEO Believes It will Happen Soon

Cryptocurrency enthusiasts and bulls have been hopeful that the US Securities and Exchange Commission (SEC) will grant the first Bitcoin ETF (exchange-traded fund) this year. However, these bulls have been left disappointed recently as the SEC has handed out a handful of rejections and postponements. Bill Barhydt, CEO of Bitcoin payment start-up Abra, told CNBC that it’s because the applications sent in haven’t fit the financial archetype that the SEC is looking for. Abra CEO Speaks Out “I think the issue with the SEC, quite frankly, is that the people…

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