legitimization
li-JI-ti-mahy-ZEY-shun
Definition
The act of making something conform to rules, standards, or laws, or the process of gaining social or official acceptance for something previously viewed as uncertain or fringe.
Etymology
Derived from the Latin 'legitimus', meaning lawful or according to law. The suffix '-ization' was added in the 19th century to denote the process of making something legitimate.
In the news
The article uses the term to describe how major financial institutions entering the cryptocurrency space provide the institutional validation necessary to make digital assets mainstream. This process marks a shift from speculative niche trading to a recognized and accepted sector of the traditional financial system.
Why Wall Street's Crypto Bet Is Just Getting Started
Read the full article ↗benzinga.com