Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Coinpedia Fintech News on May 24, 2023, 02:39:45 PM
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The crypto market in the United States has posed significant challenges for startups aiming to compete on a global scale. Despite the Biden administration's commitment to supporting secure blockchain advancements, local crypto companies face substantial barriers that impede widespread adoption.
A key obstacle in their path is the Securities and Exchange Commission (SEC), which has become a major hindrance for these companies. As a result, leading American crypto firms like Coinbase Global and Ripple have been compelled to redirect their efforts towards international markets, seeking more favourable conditions for growth and expansion.
While the United States continues its journey in the crypto space, regulatory complexities remain a crucial factor influencing the landscape. As local startups navigate these obstacles, the global crypto community closely observes the developments, eagerly anticipating advancements in regulatory frameworks that foster innovation and wider acceptance.
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Crypto-based firms doing business in the USA or can be planning to do so should think twice as the environment is not anymore friendly and has become so toxic all because its SEC is not working with but has gone against it.