U.S. Blockchain innovators face significant hurdles due to regulatory uncertainty. The outdated SEC Howey test classifies many crypto projects as securities, stifling potential decentralization and driving innovation to more favorable offshore environments.
There’s a pressing need for a new legal framework that addresses crypto’s unique characteristics, allowing time for projects to decentralize. Clear guidelines from U.S. Regulators would encourage market makers and facilitate a healthier crypto development environment.
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