🚀📰 MicroStrategy CEO Michael Saylor said that many cryptocurrencies such as Ethereum and Ripple will not gain institutional recognition this decade. In his opinion, Wall Street regulators consider everything “lower in the stack” to be unregistered crypto assets.

Saylor also classified other non-Bitcoin cryptocurrencies such as Solana (SOL), Ripple (XRP) and Cardano (ADA) into the same category of unlisted crypto assets.

🔍 These comments come as several Bitcoin ETF issuers have filed for similar products based on Ethereum (ETH). In response to this, the SEC has delayed several ETH ETF applications from issuers such as BlackRock, Fidelity and Grayscale.

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