Although we are seeing global adoptions of crypto(think recent Singapore XRP alliance), without SEC approval of crypto as an authorized security here in the States, universal global adoption impossible.

We have said from the beginning that our Federal Reserve is loathe to relinquish control of our slowly eroding dollar to a decentralized platform out of their control in their backyard without some sort of controlled GOVERNMENT ISSUED CBDC.

Up to this point the political headwinds coupled with the vacillating banking situations here associated with the adoption of a dollar backed CBDC have proven to be daunting and the major reason the SEC is a deer in the headlights in issuing adoption of crypto as a security for PERSONAL USE.

For the record, THEY HAVE allowed for institutions to trade crypto amongst themselves but personal use is still held up in “committee”.