Many industry leaders have called out the unfavorable crypto regulation regime in the United States. Comparing it with the Japan, Mark Cuban and pro-XRP lawyer John Deaton believe the US needs to do much better.
Crypto Regulation: Between the US and Japan
Every market regulator always claims that its primary goal is to protect investors. To the billionaire invest, the United States Securities and Exchange Commission (SEC) has done the opposite. He sparked a conversation on X highlighting how Japan learned from the collapse of Mt.Gox to protect investors.
Cuban noted that the Japanese versions of crypto exchanges like FTX that went bankrupt in the US survived in Japan. While the FTX bankruptcy remained the biggest in the US crypto ecosystem, the Japanese subsidiary was solvent at the time of the collapse. Per an earlier report by Coingape, FTX Japan explored selloff and has since refunded its creditors.
Joining the conversation, John Deaton said the US SEC tried to impose its authority
We współpracy z: https://coingape.com/pro-xrp-lawyer-draws-differences-in-japan-and-us-crypto-regulation/
