Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms.
Paxful’s shutdown has left its global community heartbroken, but it has significantly impacted the Nigerian community, where it pioneered P2P crypto use.
Officials from the government agency reportedly entered Silvergate’s headquarters last week, with discussions revolving around how to salvage the crypto bank.
“Chairman Gensler’s failure to provide clear rules of the road for cryptocurrencies underscores the need for Congress to act," said Senator Pat Toomey.