Sternlicht’s Advice
Barry Sternlicht, the founder of Starwood Capital Group, believes that excessive government spending is a key contributor to the current inflation problem. He argues that the government needs to exercise more fiscal discipline and prioritize investments that will generate long-term growth.
The team behind the popular cryptocurrency project, LUNA, received a significant boost this week as it passed the Howey Test, reaffirming its compliance with US securities laws. This achievement highlights the project’s commitment to transparency and regulatory compliance, positioning it with a favorable outlook for future growth.
The world of cryptocurrency received a significant jolt as Grayscale Investments, a leading digital asset management firm, resubmitted its application for a Bitcoin exchange-traded fund (ETF). This development comes at a time when the company’s founder, Barry Silbert, announced his departure from the firm. The reapplication by Grayscale signifies the continued push for regulatory approval of a Bitcoin ETF, a move that could potentially bring more institutional investors into the rapidly growing cryptocurrency market.
