TechFlow, August 18 — Bitmine Chairman Tom Lee stated that the White House's GENIUS Act and the U.S. Securities and Exchange Commission's (SEC) cryptocurrency initiatives will bring significant transformation to the financial services industry, comparable in impact to the historic moment in 1971 when the United States ended the Bretton Woods system and detached the dollar from the gold standard.
Lee pointed out that the establishment of this regulatory framework will drive the development of digital infrastructure within the Ethereum ecosystem. He emphasized that while the market generally focuses on the direct regulatory impacts, what matters more is its potential to foster innovation and advancement in digital financial infrastructure.
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