The rise and fall of the United States with crypto is a cautionary tale that sets the stage for what could come in the field of AI. In the early days of crypto, the United States was the promised 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 trend has slowed due to a lack of regulation and policy. The SEC began filing lawsuits and enacting regulatory policies based on pre-crypto laws – essentially trying to fit a round peg into a square hole. They took on Consensys, Coinbase, Ripple and other reputable Web3 companies, just to make it clear… what’s the point? The lack of clear policies and regulations hinders progress, forcing these companies to devote resources to legal battles, while pushing companies and talent elsewhere to continue building the decentralized dream.
