Biden approach could leave US behind on crypto regulation

Long timeline of executive order means international community may move faster than US lawmakers

The gradualist approach of US president Joe Biden’s executive order on digital assets and distributed ledger technology makes it likely that some elements of international regulation will move ahead of the US, according to former regulators.

“We will get to consensus and normalization amongst something like the G7, European Union or the D10/15 alliance of democracies. I have a feeling that will move faster than the US legislative process [but] I could be wrong,” says Sultan Meghji, who was the

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