🧵/2. Revolut has decided to shut down it's crypto based operations in the United States because of the massive state confusion regarding digital assets in the country. There are a number of exchanges who are taking the same path
🧵/3. The regulatory situation is very complex as of now in the US as there are agencies who are trying to get it under their jurisdiction such as SEC which is trying to use it's powers are start investigations against crypto based firms
It is the trend. And Gensler is not upset by it.
🧵/2. Revolut has decided to shut down it's crypto based operations in the United States because of the massive state confusion regarding digital assets in the country. There are a number of exchanges who are taking the same path
🧵/3. The regulatory situation is very complex as of now in the US as there are agencies who are trying to get it under their jurisdiction such as SEC which is trying to use it's powers are start investigations against crypto based firms
End of🧵/4. Check out this article where I've covered more detail on this -
https://leofinance.io/@sayu907/revoluts-exit-cryptocurrency-businesses-grapple-with-us-regulatory-uncertainty-another-exchanges-leaves-us-