.crypto_council Chief Regulatory Officer LindaJeng1 says the U.S. needs “rules of the road” for crypto or it risks falling behind in innovation and market leadership. _franvela reports
“If you want broad adoption of crypto, you need rules of the road,” Jeng said, and the U.S. is “unfortunately lagging behind.”
Jeng, a Georgetown University law professor and former regulator for the U.S. Securities and Exchange Commission , said the U.S. must come up with its own rules if it wants to be the leader in crypto innovation. She said legislation is moving at a quicker pace in other parts of the world. For example, the European Union’s
, if adopted, would give its 27 member countries more robust crypto rules. A vote on of the legislation, however, has been postponed until April.
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