Valuing cryptos may be biggest issue facing regulators (MarketWatch)

An ETF backed by digital assets like bitcoin may be on the horizon, but it’s likely regulators will first want to see a market infrastructure for cryptocurrencies that provides greater price stability. FrontLine’s Founder and President, Amy Lynch, explains that if bitcoins and other cryptos are deemed a security, it would need to be pegged to something priced in a repeatable, standardized way to deter manipulation. Ms Lynch also states that SEC chair nominee Gary Gensler’s knowledge and interest in cryptocurrencies should benefit a regulatory emphasis on digital assets as part of the SEC’s new agenda. See MarketWatch, “Bitcoin ETF? A crypto Holy Grail. But don’t expect to see one soon, say experts“