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Crypto Can Run, but It Can’t Hide

 wsj 3 min read 15 Jun 2023, 06:36 PM IST The Wall Street Journal

Cryptocurrency firms besieged by the SEC might be lured to friendlier jurisdictions overseas, only to cause more scandals

A customer inside The Bithumb exchange office in Seoul, South Korea, on Friday, June 9, 2023. South�Korea�is seeking to pass its first standalone crypto�legislation, known as the Virtual Asset User Protection Bill, which integrates 19�crypto-related bills, after a yearslong delay.�Photographer: SeongJoon Cho/Bloomberg (Bloomberg)Premium
A customer inside The Bithumb exchange office in Seoul, South Korea, on Friday, June 9, 2023. South�Korea�is seeking to pass its first standalone crypto�legislation, known as the Virtual Asset User Protection Bill, which integrates 19�crypto-related bills, after a yearslong delay.�Photographer: SeongJoon Cho/Bloomberg (Bloomberg)

For countries that have long wanted a piece of the crypto pie, the U.S. regulatory crusade against digital finance could be a blessing—until the next big fraud blows up in their backyard.

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