Wednesday, Jun 8th 2022

Crypto Three Things (6/8)


Every man is guilty of all the good he did not do." - Voltaire

1) Pair of U.S. Senators unveil sweeping crypto oversight bill: Senators Cynthia Lummis and Kirsten Gillibrand introduced the Financial Innovation Act, which seeks to distinguish digital assets as commodities or securities. The proposed legislation would provide a regulatory framework to integrate digital assets into existing tax and banking laws. 

Titan’s Takeaway: This bill is the most comprehensive attempt to date to create regulatory direction for agencies monitoring digital assets. We're optimistic that both sides of the political aisle will come together in the name of crypto regulation.

2) PayPal enables crypto transactions to external wallets: Supported cryptocurrencies such as Bitcoin, Ether, Bitcoin Cash, and Litecoin can now be transferred to outside exchanges and hardware wallets. Users can send and receive crypto within PayPal with no fees. The move comes after the payments giant became the first company to convert a conditional BitLicense approval into a full license in New York State. 

Titan’s Takeaway: PayPal’s support for native cryptocurrency transfers across the digital asset ecosystem is definitely a win for the crypto community. The long-awaited service will greatly expand crypto’s footprint, paving the way for crypto’s integration into a more ubiquitous form of commerce.

3) Citadel Securities and Fidelity team up to build a crypto trading platform: Market makers Citadel and Virtu Financial are joining forces with brokerage firms Fidelity and Schwab to develop a wide-ranging crypto offering. The product is still in its early stages and is expected to launch either late this year or early in 2023. 

Titan’s Takeaway: Traditional markets are increasingly interested in stepping into the crypto realm. Provided the regulatory landscape and market conditions are positive, this move could significantly boost crypto into mainstream finance, offering enhanced access to both retail traders and institutional investors.

Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

The Top 6 Best Retirement Planning Tools & Income Calculators

Understanding Actively Managed Crypto Strategies

Understanding the IRA to 401(k) Reverse Rollover

Diversification: Definition & Why It’s Important

Let's Get Started

Ready to become a client?

Create an account with us in two minutes.

Or scan to get the app

We're building the best investment platform, ever

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice. Check the background of these firms on FINRA's BrokerCheck.

© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.