The U.S.’s rise and fall with crypto is a cautionary tale that sets the scene for what could be to come in AI. In early crypto days, the U.S. was the promise land with a plethora of startups and investment funding flowing into the space creating room for innovation, growth and mass adoption. In recent years, this has slowed down due to a lack of regulation and policy. The SEC started bringing in lawsuits and regulatory policies based on pre-crypto laws – essentially trying to fit a round peg into a square hole. They went after Consensys, Coinbase, Ripple and other companies that have a reputable standing in Web3, just to make… what point? The lack of clear policies and regulation hinders progress, forcing these companies to spend resources on legal battles, while pushing companies and talent elsewhere to continue building the decentralized dream.

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Author: Calanthia Mei

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