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In response to a question about Griffin's past stance on crypto and the recent participation of VC firm Paradigm in Citadel Securities's $1.15b funding round earlier this year, Griffin said that crypto "has been one of the great stories in finance over the course of the last 15 years."
"And I’ll be clear, I’ve been in the naysayer camp over that period of time. But the crypto market today has a market capitalization of about $2 trillion in round numbers, which tells you that I haven’t been right on this call," he continued. Last fall, Griffin told the Economic Club of Chicago that regulatory uncertainty was keeping the market-making firm out of the crypto space.
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