Blockchain and cryptocurrencies are the next must-have technology for America, our allies and our adversaries, says Coinbase.
Its potential utility spans big data, financial transactions and supply chains, making it a promising business opportunity and target for cyberattacks.
Governments can choose to implement forward-looking cryptocurrency regulation, or relinquish leadership in this space to other nations, including our adversaries.
Coinbase stated that we do not need government subsidies or investment, but we do need access to basic legal and regulatory infrastructure to provide cryptocurrency investors with the predictability and certainty of the US courts and legal system.
It’s hard to convince the crypto ecosystem to stay in the US when there are many jurisdictions (including the EU, Brazil, Australia, and many others) that are implementing favorable regulatory regimes for it.