 | Two of the world’s leading market-making firms are getting cold feet on digital asset trading as America’s war on crypto intensifies. Jane Street Group and Jump Crypto are pulling back from their crypto trading ambitions as U.S. regulators up their efforts to quash the industry. Furthermore, global trading firm Jane Street is scaling back crypto plans globally due to regulatory uncertainty. The clouded regulatory waters have “made it difficult for the firm to operate the business in a way that meets internal standards,” according to Bloomberg, citing a person familiar with the matter. [link] [comments] |
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