Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.
After months of collapses, hacks, and frauds, the crypto industry has had a relatively boring start to the summer, with the news cycle dominated by legislative markups and everyone’s favorite financial instruments, ETFs. While they may not be as rousing as innovations like liquidity pools and perps, ETFs represent crypto’s best chance to go mainstream, at least in the world of traditional finance, through their ability to provide investors a familiar route to portfolio exposure.
