US clampdown has crypto kings looking abroad
US regulators are cracking down on the cryptocurrency industry, causing concern among entrepreneurs who may consider relocating overseas. The Securities and Exchange Commission has charged Binance and Coinbase, claiming that some cryptocurrencies are securities subject to strict rules.
The lack of clear regulation and political gridlock hinder progress in the US, while other countries seize the opportunity. Defenders of digital currencies argue that regulators need to adapt to cryptocurrencies like Bitcoin and Ethereum.
