Crypto firms call for global consensus instead of “fire hose” of rules

The absence of global consensus on regulating cryptocurrency assets has made it difficult to attract established investors, despite the EU’s MiCA market rules, according to delegates to a Financial Times conference. Hester Peirce, a commissioner at the US Securities and Exchange Commission, said the US needed its own regulatory regime and called on Congress to decide which body had authority over crypto. Eva Gustavsson, head of public affairs at crypto firm Copper, said in the absence of a global standard, EU rules will inevitably serve as an international norm.