Brian Armstrong, CEO at Coinbase, recently held a Twitter Spaces session in which he and three other speakers analyzed how the unfavorable policy surrounding crypto in the United States could threaten the country’s national security.

Responding to the views shared in the session, Susan Friedman, Head of Policy at Ripple, acknowledged that the lack of regulatory clarity for the crypto industry in the US is pushing business activity abroad, and away from the country. According to her, this limits the ability of the government to monitor these businesses for illegal activity.

Friedman also called attention to the disparity that exists between the United States and the European Union in terms of crypto regulations, especially with the recent development surrounding the Markets in Crypto Act (MiCA).