EU Commissioner Urges US to Create New Crypto Rules: FT

The EU’s commissioner for financial services urged US lawmakers to draw up new rules to govern the crypto industry, saying digital assets could pose a threat to financial stability if left to grow unchecked, the FT reports.

• Any regulation imposed on the industry would need to be global in order to work, Mairead McGuinness told the FT
• She spoke during a trip to Washington, where she met politicians at the heart of negotiations over how to regulate the industry, including Republican Rep. Patrick McHenry and Democratic Senator Kirsten Gillibrand
  • She said she was encouraged by those meetings and believed US ...