U.S. Clarity Act failure gives Asia and Middle East a competitive edge, says Apex Group CEO
Photo: CoinDesk
The U.S. risks losing digital asset business to Asia and the Middle East if it continues to delay crypto legislation or fails to implement a clear, certain regulatory framework for digital assets, said Peter Hughes, founder and CEO of Apex Group, a global financial firm. Hughes said, however, that Europe will not benefit from Washington’s setback despite having its own rules in place since July 1 . “I think that the Clarity Act and the delay around that will lead to people finding other solutions elsewhere,” Hughes told CoinDesk in an interview.
Source: CoinDesk
