TradFi firms want to trade in Bitcoin (BTC) but are held back by US regulations, Cantor Fitzgerald’s Howard Lutnick says

“If a bank were to hold your bitcoin, they would have to set aside their money equal to that amount, sort of ‘in jail.’ That’s why I don’t own it. But if the regulatory environment were good, you’re going to see all the traditional financial companies go headfirst into bitcoin,” Lutnick said.