Crypto entrepreneurs were fleeing America, but we can bring them back
Main Idea
Senators Tim Scott and Cynthia Lummis argue that regulatory uncertainty has driven crypto innovation away from the U.S., but bipartisan efforts like the GENIUS Act aim to restore the country's leadership in financial innovation.
Key Points
1. Regulatory uncertainty in the U.S. has pushed crypto entrepreneurs to relocate to other countries.
2. The bipartisan GENIUS Act is designed to encourage financial innovation and reward prudent risk-takers.
3. The Securities and Exchange Commission's approach has been criticized for penalizing entrepreneurs and stifling innovation.
4. Other countries, such as the UK, Singapore, and Switzerland, are capitalizing on the U.S.'s regulatory challenges to lead in crypto innovation.
5. The senators emphasize the need for the U.S. to correct its regulatory approach to maintain its global leadership in financial innovation.
Description
Regulatory uncertainty drove crypto innovation offshore, but new bipartisan leadership and clear frameworks can restore America’s financial dominance.
Latest News
- Crypto 'control' takes center stage at Roman Storm trial2025-07-23 22:30:25
- Asymmetric shifts funds strategy after investor posts losses on X2025-07-23 22:15:43
- Ether emerges as winner after crypto’s ‘watershed moment’: Bitwise2025-07-23 22:14:57
- SOL price drop to $180 would be 'golden' entry before rally to new highs2025-07-23 21:14:40
- Traditional companies enter the crypto treasury game with BTC, XRP and SOL buys2025-07-23 20:58:25