US Falling Behind as EU Adopts Comprehensive Crypto Regulations

SEC Commissioner Hester Peirce has warned that the US risks falling behind the EU and UK in terms of creating clear crypto regulations. Peirce says that the frameworks created by Brussels and London could serve as blueprints for US lawmakers. The Commissioner goes on to say that the US cracking down on prominent crypto companies such as Coinbase instead of creating transparent guidelines is driving crypto firms to move to other jurisdictions that have already established consistent rules.