Lutz explained that U.S. crypto businesses will drift towards becoming more intertwined with TradFi, emphasizing that companies like Coinbase and Kraken are aligning closely with traditional finance structures.
He noted that the U.S. market is increasingly focused on domestic customers due to regulatory differences, implying that foreign crypto companies might avoid engaging with the U.S. market.
Despite a demand for clear regulations in the U.S., Lutz expressed skepticism over significant legislative progress before the presidential elections, highlighting the ongoing challenges within the U.S. crypto landscape.
Lutz emphasized that while U.S. firms consolidate with TradFi, Asia is set to thrive, with India poised to be a significant player in the global crypto sphere.
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