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Although often viewed as a leader in financial and technological advancement, the United States has clearly struggled to establish clear (and consistent) crypto regulatory frameworks in recent years.
This lack of clarity has allowed other countries, particularly in the Middle East and Asia, to take the lead. High-growth economies in these regions are creating frameworks tailored to digital assets that are often more effective than those in the West. These regulations provide a model for the rest of the world. If the West doesn’t catch up, it risks being left behind as the crypto industry shifts its focus.
The US should not be the blueprint for regulations
In recent years, the US has struggled to regulate the crypto industry, with regulators like the SEC often taking hostile and inconsistent actions.
High-profile lawsuits against Ripple and Coinbase made headlines around the world, casting a shadow over innovation and prompting some crypto firms to relocate to friendlier countries. The lack of clear guidance from the SEC has left founders and investors uncertain whether their next move could land them in legal trouble.
One of the main problems is that the US has tried to integrate digital assets into existing laws (e.g. securities and commodities regulations) that were never originally designed for crypto…
