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Katherine Wu, a key figure in the fintech space, has indicated that despite challenges, people are continuing to build within the U.S. fintech industry. She notes that there is a significant effort to make the industry work in the U.S. context. Wu also mentions that there has been considerable feedback from global lawmakers who study the U.S. fintech market but do not utilize it. Additionally, there is an interest in raising capital from U.S. investors for fintech initiatives.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:23 pm

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Cody Carbone expresses a bearish stance on a particular ETF, which is facing new pressures from major financial institutions BlackRock and Fidelity. Meanwhile, U.S. SEC Chair Gary Gensler reaffirms his position despite facing pressure and being presented with facts.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:20 pm

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Cody Carbone discussed the use of cryptocurrencies in illicit finance, noting that the UN estimates only 2.5% of crypto is used for such purposes. The discussion took place during the Benzinga Fintech Awards event, which was live-streamed.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:15 pm

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Cody Carbone comments on the challenges faced by the cryptocurrency industry due to reactionary policies from Congress, influenced by sensational headlines linking FTX and Hamas. He emphasizes the need for the industry to be proactive and focus on educating lawmakers to foster a better understanding of the sector.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:14 pm

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Katherine Wu, a speaker at the Benzinga Fintech Awards, stated that blockchains are not ideal for criminals due to their transparent nature. This transparency makes transactions on blockchains easily traceable, which is a disadvantage for illicit activities.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:12 pm

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Cody Carbone commented on the current state of digital asset legislation, noting a trend of reactionary proposals in response to the industry's challenges. He also mentioned a negative sentiment towards crypto in Washington DC, which he referred to as a 'stink on crypto'.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:08 pm

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Cody Carbone, the Vice President of Policy at the Chamber of Digital Commerce, highlighted the lack of legislation in the digital currency space, which has led to courts having to take action due to this legislative void.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:08 pm