Coinbase CEO: Crypto to become substantial part of GDP

Coinbase CEO: Crypto to become substantial part of GDP | How clients are pushing Wall Street toward crypto | Frost Bank to expand overdraft fee relief Created for {EMAIL} | [Web Version]( May 4, 2022 [SIGN UP]( ⋅ [SHARE]( [] Risk Management and Insurance [] [Coinbase CEO: Crypto to become substantial part of GDP]( Regulatory issues are slowing the growth of cryptoassets, but within a decade, 1 billion people will have at least tried out crypto, up from about 200 million today, said Brian Armstrong, CEO of digital asset exchange Coinbase. "My guess is that in 10-20 years, we'll see a substantial portion of GDP happening in the crypto economy," Armstrong said. Full Story: [Bloomberg]( (5/3), [Investing (Cyprus)]( (5/3) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [How clients are pushing Wall Street toward crypto]( Wall Street banks are cautiously entering the business of providing cryptoasset trading, lending and custody services to their clients, mostly because they don't want to lose the business to their competitors. With the prospects for gains from stocks and bonds diminishing, investors are increasingly seeking access to cryptoasset opportunities. Full Story: [The Wall Street Journal]( (5/1) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Frost Bank to expand overdraft fee relief]( American Banker (4/29) [] - [Fintechs tap AI for broader picture of borrowers]( The Wall Street Journal (5/2) [] Cybersecurity [] [Conn. on the verge of enacting privacy law]( Connecticut is on the verge of becoming the fifth state with its own privacy law, joining California, Virginia, Colorado and Utah. 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