Flowdesk CEO: The United States still needs to simplify and globally unify the custodial regulatory framework to unleash business potential
As the U.S. Securities and Exchange Commission (SEC) launches a comprehensive crackdown on the crypto industry, encrypted market maker Flowdesk is expanding its business in the U.S. against the trend. Now, this strategy has proven effective as Bitcoin ETFs have been approved in the United States, Ethereum ETFs are expected to be launched soon, and legislation supporting cryptocurrencies is under review in the Senate. Flowdesk CEO Guilhem Chaumont said that despite regulatory challenges, the scale and potential of the U.S. market remain attractive. The company expanded its U.S team in 2023 and now holds a significant market share with substantial increases in profits and trading volume. Although market conditions have improved, Chaumont pointed out that there is still a need for simplification and global unification of custody regulatory frameworks similar to EU's MiCA regulations to unleash business potential.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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