its operations in the United States in March and recently filed for Chapter 11 bankruptcy protection due to actions taken by the SEC in April.
Furthermore, on May 9, two major market makers, Jane Street Group and Jump Crypto, declared they were suspending their plans for crypto trading in the United States. Both companies cited regulatory uncertainty as the reason for their decisions, with Jump Crypto considering relocating its operations offshore.On the other hand, Asia has always adopted a receptive approach to crypto and players within the ecosystem.
“We will let them create the ecosystem here, and that actually brings a lot of excitement. But that doesn’t mean light-touch regulation.” However, with a number of Bitcoin ETF filings made in America in the last month, things are quickly changing. BTC supply dominance was returning to the US, while Asia holdings craters.
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Source: CryptoAmb - 🏆 22. / 68 Read more »