Marcus: Xapo left the US due to a lack of regulatory clarity
David Marcus · David Marcus: How I Came to Lead PayPal; Why FB's Crypto Failed; How AI Fixes Inequality | E1001 · 20VC with Harry Stebbings · Apr 14, 2023 · at 19:17
David Marcus is the co-founder and CEO of Lightspark. He explains how US regulatory uncertainty led Xapo, Lightspark's first announced customer, to leave the country.
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“One good example is actually the first customer that, that we announced that, that light spark, which is a bank, a European bank now, which is called Xapo. That company was actually in the US and they left the US because they didn't feel like they had the regulatory clarity that they needed to continue investing here.”
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