Andy highlights the contrasting dynamics of U.S. and global markets in crypto, noting that deeper innovation continues to flourish in major financial hubs outside the U.S.
Andy criticizes the regulatory uncertainty created by the CFTC and SEC, comparing current crypto regulation challenges to past issues with basket swaps and Dodd Frank.
The regulatory framework for new blockchain projects needs clarity, as highlighted by innovations in places like Hong Kong and the evolving regulations in Europe and Dubai.
Despite frustrations over regulatory hurdles, there's optimism that the new administration could lead to more crypto-friendly policies, fostering growth in the sector.
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