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US is 'unquestionably' behind the curve on crypto ETFs, says Brian Brooks
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Bitfury CEO and former Acting Comptroller of the Currency Brian Brooks has hinted the regulatory environment in the United States could drive many crypto firms outside the country, and has already stymied companies attempting to offer a variety of financial products.
Speaking at a Wednesday hearing on Digital Assets and the Future of Finance with the House Committee on Financial Services, congressperson Ted Budd said he feared the current policy of regulation by enforcement in the U.S. could “force the next generation of financial tech to be created outside of our country.” Speaking of behalf of Bitfury, Brooks said:
“There are some products that are legal in other countries and are just not legal here,” said Brooks. “One of the things that
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