In a recent CNBC interview, Patomak Global Partners Chief Executive Paul Atkins and former SEC Chairman Harvey Pitt discuss the popularity of cryptocurrencies and the regulatory outlook for this sector.

In his comments, Atkins emphasized the diverse nature of the digital token space, noting that “not every initial coin offering is cut from the same cloth.” Atkins also explained that concerns over anonymity in cryptocurrency markets are misplaced and highlighted the “utility” of blockchain-based payment networks such as Bitcoin. But concerns regarding excessive speculation in cryptocurrency markets are well-founded, Atkins added.

Watch the full interview here.