The U.S.’s rise and fall with crypto is a cautionary story that units the scene for what may very well be to come back in AI. In early crypto days, the U.S. was the promise land with a plethora of startups and funding funding flowing into the area creating room for innovation, development and mass adoption. In recent times, this has slowed down because of an absence of regulation and coverage. The SEC began bringing in lawsuits and regulatory insurance policies based mostly on pre-crypto legal guidelines – basically attempting to suit a spherical peg right into a sq. gap. They went after Consensys, Coinbase, Ripple and different firms which have a good standing in Web3, simply to make… what level? The dearth of clear insurance policies and regulation hinders progress, forcing these firms to spend assets on authorized battles, whereas pushing firms and expertise elsewhere to proceed constructing the decentralized dream.
