In a conversation with Onramp Invest CEO Tyrone Ross at the Bitcoin for Advisors conference, Kitces explains his skepticism towards the asset class.

Whether it’s ultimately done by executive order or other means, the White House aims to take a unified approach to digital assets.

The U.S. may join Canada and Europe, which have already approved similar products.

The goal of Flourish Crypto is to help advisors treat digital currencies like any other asset class.

Not only is it a new asset class, but it’s built upon modern technology that differs from its traditional counterparts.

Matthew Hougan, chief investment officer of Bitwise Asset Management, said investing in cryptocurrencies is like “investing in the internet in the late 1990s.”

Coinbase Global is bowing to pressure from U.S. regulators and tabling plans to launch a product that would pay users interest for lending out their tokens.

The brokerage will allow customers to buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring controversy.

The company is looking to increase its workforce in response to the interest in cryptocurrencies.