Western regulators and the crypto industry have had a sometimes-adversarial relationship, with Senator Elizabeth Warren this week calling on Treasury Secretary Janet Yellen to impose new rules for the sector.
That perspective could risk the U.S. and other nations falling behind China, which has taken a more “holistic” approach, says Mohamed El-Erian, president of Queens’ College at Cambridge University and Allianz Chief Economic Adviser.
“China is not waiting,” El-Erian told Yahoo Finance…
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