Yesterday BNY’s Caroline Butler spoke about this year’s lifting of the oppressive environment surrounding the digital asset space. As BNY’s Global Head of Digital Assets, she’s calling for an expansive rethink of digital asset regulation so that blockchain and smart contracts don’t just become an incremental 20% optimization of existing infrastructure. She was talking during the Ondo Summit in New York. (There’s a transcript of the panel).
The change in environment comes with the new Trump administration that is embracing digital assets and DLT. One of the first actions of the new Acting SEC Chair was to rescind SAB 121, a move that BNY Mellon has been lobbying for since its introduction.
Now Ms Butler wants to push further. She believes that regulation needs to be reimagined around the future of capital markets, which will revolve around a wallet structure.
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