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Digital asset company Galaxy Digital is gearing up to expand its operations in Europe. Leon Marshall, the global sales director of Galaxy Digital, will be responsible for the company’s operational activities in Europe. Marshall will also continue his role as the global sales director.
US Regulators Clash with Crypto Companies
Recent actions taken by the United States Securities and Exchange Commission (SEC) have caused friction between crypto companies and financial regulatory institutions. During this process, many companies have taken significant steps to expand their operations in countries outside of the US.
Coinbase CEO Brian Armstrong, although later retracting his statements, has previously mentioned several times that the company’s headquarters could be moved to a country other than the US. Both Binance and Coinbase, two of the largest global cryptocurrency exchanges in terms of trading volume, have also drawn the attention of financial regulatory institutions during this process.
Ripple CEO Brad Garlinghouse has recently made critical statements about the company’s future and highlighted the regulatory uncertainty in the US. Garlinghouse warned crypto entrepreneurs considering establishing companies in the US and announced that the company would expand its operations in countries like the UK and the United Arab Emirates.
Galaxy Digital to Expand Operations in Europe
The tension between crypto companies and financial regulatory institutions has significantly increased in recent times due to the actions taken by the SEC. Many crypto companies have made important moves to relocate their headquarters to a country outside of the US or expand their operations outside of the US.
Numerous figures from the crypto industry, highlighting the regulatory uncertainty in the US, have heavily criticized US regulators, particularly the SEC, during this process. As tensions between crypto companies and financial regulators continue to escalate, Galaxy Digital has made a significant move regarding its future.
Digital asset company Galaxy Digital is preparing to expand its operations in Europe. Leon Marshall, who currently serves as the global sales director, will take on the responsibilities of the company’s operational activities in Europe. Marshall will also continue to serve as the global sales director.
