Continuing its harsh regulatory pressures on the cryptocurrency industry, the United States risks losing its leadership status around the world.
For the US crypto industry harsh sanctions while continuing worldwide quickly dominate losing. Prominent with its investments in the crypto money sector Ark Invest In a recent analysis presented by the company, it was emphasized that regulatory pressures are pushing investors and institutions to alternatives outside the US.
Between the lines of the research, the leading position of the USA, Unified Arabic Emirates, South Korea, Australia And Switzerland risk of being lost to countries such as
Ark Invest analyst Yassine Elmandjra on-chain analytics platform CoinMetrics Referring to the data of the daily crypto currency transaction volume in the USA since March, From $20 billion to $4 billion indicated that he had fallen.
Elmandjra, while addressing the negative effects of regulatory pressure in the USA in the details of the research, wrote the following remarkable sentences:
The crypto ecosystem in the US, once favored by well-established and trusted institutions, now faces a possible defeat as other institutional investors lose.
Investors are discouraged
According to the research, oppressive attitudes discouraged investors and institutional customers. First Bittirex And coinbase With this attitude of the USA, which has lawsuits with many crypto money companies, including many crypto money companies, and which imposes sanctions on Kraken, it falls behind in the global race. inevitable stands. Elmandjra, regulator of uncertainty He made the following statements about the results:
In the US, regulatory uncertainty discourages both existing firms and new entrants to the crypto space.
Especially Coinbase and to the US Securities and Exchange Commission (SEC) The ongoing legal war between the parties is on the agenda of the sector. Along with the license he recently obtained from the island nation of Bermuda Coinbase International Exchangestarted the . On the other hand, Brian Armstrong, CEO of Coinbase, said in early May. Dubai his visit was remarkable.