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Lightspark CEO Frustrated With US Falling Behind in Digital Assets While UK Embraces Crypto

June 29 (Cointime) - David Marcus, CEO of Lightspark, expressed frustration over the US falling behind in digital assets and failing to retain top talent for upgrading the financial system. This comes after the Law Commission's recommendations to secure the UK's position as a global crypto hub, which includes creating a distinct category of personal property to recognize and protect digital assets.

UK Prime Minister Rishi Sunak plans to make the country a web3 hub, with venture capital firm a16z opening a UK office as regulators in the US continue their crypto crackdown. Marcus also discussed Lightspark's role in transforming Bitcoin's Lightning Network into a global settlement layer on The Scoop podcast.

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