Crypto firms in the United States are reportedly finding the landscape across the Atlantic much more suited to their needs.

The lack of regulatory clarity in the States combined with the recent crackdown on crypto firms has reportedly promoted crypto firms to look elsewhere for their operations, and one of the most favorable destinations that emerged was Europe. 

According to a report published by Politico, American crypto industry leaders are looking favorably upon the European Union, which is set to introduce new laws specifically designed for firms operating in the digital assets space.

Lawmakers and officials from Europe are presenting the EU as a place that welcomes crypto firms.