Crypto Seeks Asian Lifeline as US Crackdown Spurs More Layoffs

Crypto is increasingly looking to Asia for a revival as the chastened sector reels from a crackdown in the US.

Greater regulatory clarity in Hong Kong, Singapore and Japan is a drawing card, industry executives said, compared with enforcement actions and lawsuits by US agencies and slow progress in Congress toward legislation to clarify the status of digital assets.

The company heads spoke in Singapore at a high-profile Asia crypto conference, which began Wednesday right after the Binance.US exchange eliminated over 100 staff as the American clampdown erodes its business. A $2 trillion crash in digital assets since 2021 added ...