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U.S. Crypto Exodus? Gemini Opens Fourth International Office 

Published 04/21/2023, 01:45 PM
Updated 04/21/2023, 02:00 PM
U.S. Crypto Exodus? Gemini Opens Fourth International Office 

  • The SEC's attack on crypto could be driving business abroad.

  • Gemini, a U.S.-based exchange, plans to open a new office in India.

  • A venture capitalist says the SEC's crypto enforcement efforts hurt U.S. innovation.
The United States crypto regulatory landscape is uncertain as Congress is yet to deliver a comprehensive regulatory framework. The situation worsens as regulators like the U.S. Securities and Exchange Commission (SEC) remain bent on asserting jurisdiction over crypto markets through enforcement.

Lingering uncertainty and fear of SEC enforcement have led to growing concerns that U.S.-based crypto businesses could focus efforts abroad. In the latest instance, one of the leading U.S.-based crypto exchanges, Gemini, announced plans to expand its growing list of international offices amid a legal tussle with the SEC.

This year, Gemini was among the...

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