Crypto companies prepare for a “devastating moment” in the US, as Europe draws near
Join Our Telegram channel to stay up to date on breaking news coverage In their escalating conflict with US authorities, cryptocurrency advocates now have a new weapon: Europe wants their business. As U.S. regulators start enforcing decades-old laws for trading and banking in the cryptocurrency realm, industry executives are increasingly using the trans-Atlantic comparison to call for simpler regulations. As Congress is still far from creating a federal standard for digital money, President Joe Biden’s regulators are filling the gap. In contrast, the European Union is getting ready to implement new legislation specifically designed for businesses that deal in digital assets. Several European leaders are starting to promote the EU as a friendly location for cryptocurrency enterprises to open their doors. Stefan Berger, a conservative German member who oversaw the development of the EU’s forthcoming crypto regulations, declared that “we will have the greatest fr...