Opinion: Europe is taking U.S. crypto market share

Odaily News Lars Christensen, CEO of Switzerlands Seier Capital, said: Europe has not been good at eating Americas lunch for many years, but this summers moves show that clear regulations are a major competitive advantage. DealBook data shows that in 2022 , Europe surpassed the United States as the main birthplace of digital asset startups, with 3,977 launches compared to 3,357 in the United States. Even in the financing field, where the United States still dominates, venture capital investment in European startups increased by 14%, while during the same period The U.S. was down 4%. While the SEC is concerned that spot ETFs are vulnerable to market manipulation, Christensen said the debate is less heated in Europe. (Decrypt)