Britain wants to take the U.S. on as a global crypto hub — but the industry has its doubts Published Wed, Dec 4 20243:05 AM EST thumbnail Ryan Browne @Ryan_Browne_ WATCH LIVE Key Points

Competition from America Tom Duff Gordon, Coinbase’s vice president of international policy, told CNBC that the U.K. shouldn’t let regulatory momentum on crypto slow down, following Trump’s election win. The Republican politician ran on a notoriously pro-crypto policy platform, vowing he wouldn’t sell bitcoin seized by the federal government and that he’d replace incumbent Securities and Exchange Commission Chair Gary Gensler, who took an aggressive enforcement approach against various crypto firms while heading the agency. Last month, Gensler announced he intends to step down as SEC chair on Jan. 20, the date of Trump’s upcoming inauguration.