CoinShares - US not lagging in Crypto Adoption and Regulation - Difference between Web 1.0, 2.0, 3.0 and 4.0.
CoinShares says US not lagging in crypto adoption and regulation

Difference Between Web 2.0 and Web 3.0

European cryptocurrency investment firm CoinShares is optimistic about cryptocurrency regulation in the United States as the firm enters the new market.

On Sept. 22, CoinShares officially announced the launch of its new division, CoinShares Hedge Fund Solutions, marking the first time the firm introduced its offerings to qualified U.S. investors.

CoinShares’ entrance into the U.S. market comes at a time when many U.S. crypto firms are looking at expanding their businesses outside the country due to regulatory hurdles at home. One such firm, cryptocurrency exchange Coinbase, has been actively pushing expansion in Europe and the United Kingdom amid facing a lawsuit from the U.S. Securities and Exchange Commission over an alleged violation of securities laws.

Many crypto industry observers and participants have claimed that the U.S. government’s approach to crypto regulation has been making the country “less attractive” for crypto firms.

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U.S. Ahead of Europe in Digital Asset Development

CoinShares believes that the U.S. is a global leader when it comes to digital asset development, a spokesperson for CoinShares told Cointelegraph, citing industry collaborations such as BlackRock with Circle and Coinbase.

The U.S. is home to 50% of globally managed assets and is a dominant financial market, the representative said. “Our assertion on its leadership in the digital assets space is influenced by observable integrations between legacy and emerging financial players.”

CoinShares’ expansion in the U.S. follows CEO ​​Jean-Marie Mognetti’s July 2023 op-ed, where he declared that Europe’s approach to crypto is “even more problematic when compared to the financial might of U.S. institutions.”

Mognetti wrote that “these financial behemoths — such as BlackRock and Fidelity, who each announced recently the filing of a spot Bitcoin ETF — are well-positioned to provide widespread crypto exposure.”

CoinShares’ Commitment to Europe

CoinShares is one of the world’s largest crypto investment firms, providing crypto exchange-traded products (ETPs) since 2015. Despite being bullish about the crypto regulatory climate in the United States, the firm remains committed to Europe. A representative for the company told Cointelegraph that CoinShares has registered its Hedge Fund Solutions in both the US and the UK.

CoinShares is yet to announce whether it will join the spot Bitcoin ETF race in the United States. However, the company representative stated that they must adhere to strict regulations regarding the disclosure of forward-looking information and therefore cannot provide specific details on future product launches.

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