Head Of eToro US: What It Takes to Run An American Exchange | Andrew McCormick

Andrew McCormick is the Head of eToro US. In this conversation, we discuss why crypto regulation is so messy in the US and why we need a national standard. We get into the BitLicense in New York, federal preemption, managing all 50 states, eToro’s IPO, tokenization, vetting crypto assets on the platform, if prediction markets are coming soon, and why The Clarity Act must be passed soon.This episode is sponsored by Gemini: https://gemini.com/CIA Subscribe to the podcast on Spotify: https://open.spotify.com/show/2Y3bQRjEQtdlNx1fxmS8hB?si=813495451b9f4e4e Subscribe to the podcast on Apple: https://podcasts.apple.com/us/podcast/crypto-in-america/id1799000155 Please note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.This show is powered by Sei.Learn more about Sei: https://www.sei.io/Follow Crypto in America: https://x.com/CryptoAmerica_Follow Sei: https://x.com/SeiNetworkFollow our hostsJacquelyn: https://x.com/jacqmelinekGerald: https://x.com/thatgeraldEleanor: https://x.com/EleanorTerrettTIMESTAMPS:0:00 - Welcome Andrew McCormick To Crypto In America0:30 - What Does ‘Crypto In America’ Mean To Andrew1:00 -  Andrew’s Dad Led Him To Crypto 4:20 - Why Regulatory In Crypto Is Too Messy vs. Tradfi 6:40 - Difficulty Getting A New York BitLicense8:30 - Federal Preemption Of Crypto And Why We Need A National Standard 11:30 - Managing Regulation In All 50 States13:20 - Joining eToro During The 2024 Election - Is Crypto Still Politicized? 16:30 - Expansion & Vetting Crypto Assets20:15 - eToro’s Post-Election Changes (IPO, Innovation, Staking, Launch In NY)21:30 - Operating A Public Company vs. Private Company 23:00 - Reflecting on the IPO 24:30 - The Importance of Financial Literacy 26:30 - Is The US Market More Conservative Than Rest Of The World? 28:00 - Where Tokenization Is Going29:30 - eToro’s Edge In The Market31:00 - Prediction Markets Coming Soon?32:30 - Why We Need Clarity 33:30 - Andrew’s Advice: Touch Grass#crypto #bitcoin #blockchain #investing #technology #america