Crypto firms brace for ‘carpet-bombing moment’ in U.S. as Europe beckons
The EU's openness toward crypto is a striking turnaround.
Crypto lobbyists have a new cudgel in their intensifying battle with U.S. regulators: Europe wants their business.
Industry leaders are increasingly making the trans-Atlantic juxtaposition to argue for clearer regulations as U.S. agencies begin to enforce decades-old rules for trading and banking in the crypto world. Congress is nowhere near the point where it might craft a federal standard for digital currency, so regulators appointed by President Joe Biden are filling the void.
