We Want to Be Regulated: Symbridge CEO Michael McGuire

The video features Michael McGuire, CEO of SIM Bridge, discussing the impact of the crypto boom on digital asset exchanges, particularly in Asia. It highlights the transformative moment for the US with Coinbase's IPO and the regulatory challenges faced by SIM Bridge in the US market. The platform aims to offer tokenized commodities and attract professional investors, with plans to democratize access for retail users. The discussion also covers the importance of regulation, the role of commodities in decarbonization, and future prospects for the platform.

Who is Michael McGuire?

• A Wall Street banker

• A famous cryptocurrency investor

• A blockchain developer

• The CEO of SIM Bridge

What was a significant event for the US crypto market?

• The launch of Bitcoin

• The rise of Ethereum

• The IPO of Coinbase

• The ban of crypto in Europe

What technology does SIM Bridge use for its blockchain?

• Ethereum

• Bitcoin

• Hyperledger Fabric

• Ripple

Who is SIM Bridge primarily targeting with its platform?

• Retail investors

• Small to midsized institutions and accredited investors

• Government agencies

• Cryptocurrency miners

Why does SIM Bridge want to be regulated in the US?

• To reduce operational costs

• To expand globally

• To gain trust from sophisticated investors

• To avoid taxes

What role do tokenized commodities play in the economy according to SIM Bridge?

• They are used for speculative trading

• They are crucial for the decarbonization of the economy

• They are a form of digital currency

• They are primarily for luxury goods

What is the expected outcome of increased liquidity on SIM Bridge's platform?

• More stability in prices

• Higher transaction fees

• Decreased market participation

• Increased regulatory scrutiny