Crypto ‘here to stay,’ but its role is unclear, Columbia’s Kim Lew says

Columbia Investment Management Company president and CEO Kim Lew thinks that cryptocurrencies are here to stay.  “I think it will have profound effects,” she said in a recent interview, adding, “There are many different avenues that it can go.” Lew explained that people could build many new things within the crypto ecosystem, such as stablecoins and nonfungible tokens. “I think clearly it’s going to play some role. Not clear what role it would play,” she added.