Coinbase’s Chief Policy Officer Comments On US Lagging Behind Other Major Economies In Adopting Clear Crypto Regulations – The Daily Hodl – CryptoInfoNet

A Coinbase executive believes that the United States is falling behind other major nations in terms of implementing clearer regulations on cryptocurrencies.

Speaking in a recent interview with Yahoo Finance, Faryar Shirzad, the chief policy officer of the leading US crypto exchange, noted that most members of the Group of Twenty (G20) are ahead of the United States in supporting the growth of the crypto industry.

The G20 nations represent approximately 85% of the global gross domestic product and 75% of international trade.

According to Shirzad,

“Unfortunately, the US has been an outlier. The majority of the G20 countries and major economies are making significant progress in adopting clear regulatory frameworks for crypto. So, most of the financial hubs and major economies, such as the EU, UK, Hong Kong, Australia, Singapore, Brazil, and now Canada, have embraced tokenization and are integrating it into the financial system to prioritize consumer interests.

However, the US is moving at a slower pace. Our main message is that the US needs to accelerate stablecoin regulation and broader market structure regulation to facilitate the growth of the industry and provide consumers with the necessary protections they deserve.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: DALLE3