Crypto's US policy hopes dim, yet Grayscale and BlackRock expect continued growth

Hopes for favorable crypto legislation in Washington have weakened, according to recent reporting. Grayscale, a digital asset manager, argues that global demand and growing institutional adoption will keep the industry expanding despite the political setback. BlackRock, the world's largest asset manager, reports that the policy shift has had little effect on its own crypto business. The divergence suggests that major financial firms are continuing to pursue digital asset products regardless of the near-term regulatory outlook.