Brian Brooks Warns U.S. Crypto Regulations May Drive Innovation Abroad

The Regulatory Landscape: A Bit of a Mess

Brian Brooks, the Bitfury CEO and former Acting Comptroller of the Currency, has some serious concerns about how U.S. regulations are shaping the future of cryptocurrency. During a recent congressional hearing, he pointed out that the current regulatory climate might push many crypto firms to seek refuge in friendlier jurisdictions. It sounds like the U.S. is playing hard to get. And you know what happens when someone plays hard to get—people start looking elsewhere.

Regulation by Enforcement: A Dangerous Game

Congressman Ted Budd echoed similar sentiments, suggesting that the policy of