NEWS Digital Asset Summit
BCB joins the debate at Digital Asset Summit New York
Structure, making the case for standardisation of regulation and for Europe’s growing importance in digital asset markets. Renew argued that Markets in Crypto Assets regulations (MiCA) was one of the key moments in the evolution of digital assets in Europe, alongside an influx of capital from the US during the Biden administration, which had been seen as unsupportive of digital assets. MiCA is not perfect, Renew said, but could be a benchmark for global standards in regulating crypto. "Is MiCA taking the right step on stablecoins for example? I am not sure. But everyone is waiting to see how MiCA is rolled out and maybe that is going to influence what the US does and how they regulate," Renew told the audience. Meanwhile, fellow panellists agreed that standardisation in the broadest sense would be essential for crypto market structures to support continued expansion. Chris Lawn, Chief Executive of Elwood Technologies, said
Renew: MiCA is key moment for digital assets
BCB Group was out in force at the Digital Asset Summit 2025 in New York last month, where presentations and debates were dominated by the growing links between digital assets and traditional finance. Tim Renew, BCB’s Deputy Chief Executive, joined a key panel on The Maturation of Crypto Market
DAS crowd cheers Ripple victory News that the Securities and Exchange Commission (SEC) had dropped its long-running legal case against Ripple was greeted by a standing ovation at the Digital Asset Summit (DAS) in New York last month. Ripple CEO Brad Garlinghouse announced the news live at the conference, coming on stage moments after posting the announcement on X. The news was greeted by cheers and applause from the session audience. Garlinghouse admitted the four-year battle with the SEC over XRP sales had been a "painful journey" but declared: "I feel vindicated." BCB Group Chief Executive Oliver Tonkin, who was attending DAS, said: "For many people here, Garlinghouse's announcement will be a standout moment from this year's New York summit. It's one of the most powerful signals yet of the total change in attitude to crypto under Trump and reinforces the view I am hearing from many people here, that we are at an inflection point for digital assets." "jurisdictional fragmentation" was a significant problem. "There are no standards. The industry has done a great job, but we need to standardise. We need to come together as an industry and with the institutions that are coming [into digital assets]."
Convergence with tradfi is key to crypto future
The Digital Asset Summit in New York was attended by more tradfi groups than ever before with speakers and delegates from global names, including Allianz, BlackRock and ARK Invest. The presence of mainstream financial groups was indicative of the increasing convergence between tradfi and digital assets. This was also the central theme of a discussion between Michael Ippolito, co-founder Blockworks who organise the summit, and David Mercer, CEO of London-based fintech LMAX, in which Mercer emphasised the importance of attracting global institutions into the digital assets market, by adopting some of tradfi’s key pillars. "I think what's probably wrong or what has to change in crypto today are the simple tenets of traditional finance - separation of function, segregation of funds,” Mercer said adding: “Broker- dealers are not exchanges. Exchanges don't act as principals. Custodians are not exchanges. [In tradfi] we
have separation of function and segregation of funds.” Mercer said that by adopting such key tenets, crypto would be able to grow to its full potential. "Let's go back to those simple tenets. Then we will have an industry that can truly flourish, that can converge within tradfi and that can become USD30 trillion, USD50 trillion, USD100 trillion, not the USD3 trillion we're talking about today.” But while raising the challenges that crypto needs to meet, Mercer concluded on a highly positive note, arguing that major banks were set to enter directly into crypto markets in the foreseeable future. Asked to predict the major development he expected in the coming year in the convergence of tradfi and digital, he said: “A tier one bank will start to clear major institutions into spot crypto trading. Number two, a bulge bracket bank will offer spot digital assets trading to its customers. When that happens, guess what? They all follow.”
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