Jane Street & Jump Pull Back From Crypto Trading Due to US Regulations

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The two trading firms, Jane Street and Jump Trading, leave the US amid crypto regulation changes. Jane Street and Jump crypto scale back US plans to focus on global expansion in the cryptocurrency industry, Bloomberg said. After FTX’s collapse, regulators monitor crypto more.  

In March, the US CFTC sued Binance and Changpeng Zhao for allegedly offering unregistered crypto derivatives in the US. Former FTX CEO Sam Bankman-Fried hired Jane Street employees, includinG FTX US President Brett Harrison, which may have violated Federal Law, Bloomberg reported.