Christopher Wood believes China’s crypto crackdown has a major silver lining


Source: livemint.com livemint.com

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NEW DELHI: To draw a contrast with China’s authoritarian model, the regulatory response in the US to cryptocurrencies will likely turn out to be more accommodating given the fast deteriorating state of the US-China relations, according to Christopher Wood, global head of equity strategy at Jefferies. Despite China’s crackdown, the critical issue has remained what the regulatory attitude will be to crypto in the western world, most particularly in America, Wood said. The US Securities and Exchange Commission (SEC) chairman Gary Gensler had announced last month that the Commission will come up with a regulatory framework on crypto next year,...