TradFi Firms Want to Transact in Bitcoin (BTC), But Are Being Held Back by U.S. Regulations, Says Cantor Fitzgerald’s Howard Lutnick

“If
a
bank
were
to
hold
your
bitcoin,
they
would
have
to
set
aside
their
own
money
equal
to
that
amount,
sort
of
‘in
jail’.
That’s
why
they
don’t
hold
it.
But
if
the
regulatory
environment
was
good,
you
will
see
all
the
traditional
financial
companies
go
head
first
into
bitcoin,”
Lutnick
said.