Blockchain analytics firm Messari named BlackRock CEO Larry Fink, Senator Elizabeth Warren, and the Blockchain Association’s CEO Kristin Smith among its top 10 people to watch in crypto in 2024, especially as election fever brews in Washington. DeFi’s revolving door of prominent individuals spans veterans like MakerDAO’s Rune Christensen and new builders on Solana.
According to Messari, Fink’s 2023 Bitcoin rant will go viral if the US Securities and Exchange Commission (SEC) approves its Bitcoin exchange-traded fund (ETF) this year. Warren’s political pull in the White House would likely come up against Smith’s high-profile advocacy group, the Blockchain Association, to shape the future of crypto in the US in an election year.
Three Key Figures in the Bitcoin ETF Race
Due to the firm’s success with previous ETF applications, BlackRock’s application for a spot ETF heralded a new era. Fink famously called bitcoin and the tokenization of assets “digitizing gold” and “international asset.”
“Specifically on bitcoin, as I’ve said in the past, we’re a believer in digitization of products. Bitcoin is an international asset,” the CEO said in a July interview on Fox Business.
BlackRock’s ETF application ruling will come after the SEC decides whether to approve a fund from Cathie Wood’s ARK Invest. Wood is bullish on Bitcoin despite having sold shares in Coinbase and the Grayscale Bitcoin Trust.
Michael Sonnenshein, the CEO of Grayscale Investments, will also be a key figure on the Bitcoin ETF front. The miseries of Grayscale’s parent, the Digital Currency Group, and its CEO, Barry Silbert, may well fuel a succession narrative in 2024. Grayscale’s CEO said the company is “operationally ready” to convert its Bitcoin Trust to an ETF upon SEC approval.
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Author: David Thomas