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