CoinShares Optimistic About Crypto Regulation in the US as Firm Expands into New Market

Introduction

European cryptocurrency investment firm, CoinShares, is expressing optimism about cryptocurrency regulation in the United States as it enters the American market. The firm recently announced the launch of its new division, CoinShares Hedge Fund Solutions, which marks the first time it is introducing its offerings to qualified U.S. investors.

Entering the US Market

CoinShares' entrance into the U.S. market comes at a time when many American crypto firms are looking to expand internationally due to regulatory hurdles at home. Cryptocurrency exchange Coinbase, for example, has been actively pushing expansion in Europe and the United Kingdom while facing a lawsuit from the U.S. Securities and Exchange Commission over an alleged violation of securities laws. CoinShares, however, sees things differently.

Contrary Belief

Contrary to the belief that the U.S. is lagging behind in crypto adoption and regulation, CoinShares believes that the country is a global leader in terms of digital asset development. A spokesperson for CoinShares stated that the U.S. regulators' approach to treating digital assets like traditional asset classes will encourage and expedite the fusion of the two industries. The spokesperson also highlighted the industry collaborations between legacy financial players like BlackRock and emerging crypto companies like Circle and Coinbase.

Expansion and Europe

CoinShares' expansion into the U.S. market comes a few months after its CEO ​​Jean-Marie Mognetti expressed concerns about Europe's approach to crypto. Mognetti wrote in an op-ed that Europe's approach has been problematic when compared to the financial might of U.S. institutions. However, while CoinShares is bullish about the crypto regulatory climate in the United States, the firm remains committed to Europe, as its Hedge Fund Solutions division is registered in both the U.S. and the United Kingdom.

CoinShares on Future Product Launches

Although CoinShares is one of the world's largest crypto investment firms and a major provider of crypto exchange-traded products (ETPs), the firm has not yet disclosed its plans to join the race for a spot Bitcoin ETF in the United States. A representative from CoinShares stated that the company must adhere to strict regulations regarding the disclosure of forward-looking information and cannot provide specific details on future product launches.