Ripple (XRP) policy advisor Susan Friedman noted that the regulatory environment in the US is fragmenting and European regulators are moving forward more actively.
The heavy work of regulators on the crypto industry draws attention. With the bankruptcy of FTX, rapid studies began to be carried out in order to establish global regulatory clarity.
While the US struggled with a haphazard regulatory environment and legal challenges, Europe focused on a comprehensive regulatory framework that could make it a hub for digital asset firms. Ripple official Susan Friedman suggested that Europe has overtaken the US when it comes to crypto regulations.
Ripple Official: Regulatory Environment in the US is Fragmented
Ripple (XRP) policy advisor Susan Friedman hinted that the regulatory environment and regulatory clarity in the US has become complex.
On the other hand, Friedman stated that Europe is focusing on complete and all-encompassing regulations for the cryptocurrency sector, in which case European regulations will stand out more.
While the traditionalist pressures applied by the SEC and CFTC on the US side continue, MiCa works continue at full speed on the European side. MiCa aims to protect investors by taking strict stances on stablecoins in particular.
Speaking on the subject, Friedman keeps European regulators one step ahead in comparisons he makes between European and US regulators.
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