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Former President of the US Stock Exchange chooses Hong Kong over US for new Crypto Exchange “We will not engage in commercial activity in the US…the environment is not terribly friendly” Is this a warning sign the Crypto and Blockchain industry in the US is dead and BRICS Nations and allies will dominate the future of financial innovation? The former President of the US Stock Exchange, now the founder of a Crypto Exchange, has made a resolute decision: “We will not engage in commercial activity in the US… the environment in the US is not terribly friendly. It’s frustrating.” Instead, he will pivot towards seeking a license in Hong Kong. Does highlight failure of the US Government to create clear laws for crypto innovation and be a warning that the crypto industry in the US cannot exist with the current policies? Below excerpt article reported by Shukla. S. and Ghosh. S. (2023, September 13). Crypto seeks lifeline in Asia as U.S. crackdown spurs more layoffs. The Spoken Man Review Among the attendees was Tom Farley, a former New York Stock Exchange president who is chief executive at the Gibraltar-registered digital-asset exchange Bullish. Farley said Bullish plans to apply for a license in Hong Kong after the city rolled out a new regulatory framework to develop a crypto hub. “We have chosen not to engage in commercial activity in the US,” he said in an interview. “We are approved in many states. We could do it tomorrow. But the environment in the US is not terribly friendly. It’s frustrating.” To read full article, click here Photo by Dylan Calluy on Unsplash Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. #GlobalNews #Crypto #US #Regulation #USA #CNN #SEC #Securities #Exchange #Commission #Binance #Coinbase #Bitcoin #cryptocurreny #America #US #Stock #Exchange #Exchange #Tom #Farley #Blockchain