The U.S. is lagging behind Europe in the digital asset space, with the latter introducing its first Bitcoin exchange-traded fund (ETF) and setting up the Markets in Crypto Assets (MiCA) framework. This summer, the SEC delayed its decision on a spot Bitcoin ETF approval, while the U.S. also experienced a crackdown on crypto exchanges and Congress is still wrestling with its own regulatory bill. Europe, on the other hand, saw the launch of 3,977 digital asset startups and a 14% spike in venture capital investment, while the U.S. experienced a 4% decline. Lars Christensen, a Swiss finance expert, believes the U.S. still has work to do in terms of regulation. The U.S.’s lack of formal guidelines or definitions for digital assets has led companies like Coinbase to seek clarity directly from the SEC, only to be met with silence—or worse, a lawsuit. This has caused some U.S. companies to consider moving overseas. Dave Weisberger, a trading platform CEO, argues that the world is waiting for the U.S. to make a move. Despite Europe’s advances, the impact of U.S. players like BlackRock and Fidelity entering the market could be a game-changer for Bitcoin going mainstream. Lowell Ness warns that the U.S.’s belief that it can take its time to figure things out is short-sighted. Companies are already moving overseas, choosing not to wait for the U.S. to get its act together. He emphasizes that the world won’t wait for the U.S. to decide—it’s ready to move on, with or without them.Congress might make some headway with a couple of bills that recently made it past committee stages, but the U.S. still has deeper capital markets and a larger talent pool, factors that could help it catch up. However, the U.S. needs to act quickly if it wants to remain competitive in the digital asset space.

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Information	Details
Geography	Europe
Countries	🇺🇸 🇳🇱 🇨🇭
Sentiment	neutral
Relevance Score	10
People	Dave Weisberger, Oliver Linch, Lars Christensen, Lowell Ness
Companies	Jacobi Asset Management, BlackRock, SEC, Markets in Crypto Assets (MiCA), Fidelity
Currencies	XRP, Ethereum, MiamiCoin, Bitcoin
Securities	None