US risks falling behind Europe without crypto rules, warns SEC commissioner
Financial Times
23-05-11 13:20
Hester Peirce, the senior Republican member of the US Securities and Exchange Commission, has warned that without rules to govern crypto asset markets, the US risks falling behind the EU and UK. Peirce said that frameworks in Brussels and London could be a blueprint for Washington lawmakers. The EU has drafted the Markets in Crypto Assets regulation while the UK has set out regulations that aim to bring the governing of crypto assets in line with traditional financial assets. US regulators have not yet developed regulations for crypto assets.