How the uncertain regulatory landscape is pushing web3 out of the US

The US has led the technology sector for more than 30 years, it was the leader of both web1 and web2 because the regulatory landscape provided the framework entrepreneurs & innovators needed to build businesses. However, the lack of clarity about what regulations apply to web3 infrastructure and unpredictable enforcement against entrepreneurs by the SEC is holding back web3 in the US. If the US wants to stay ahead in tech, it needs to provide clear and carefully constructed regulations that foster innovation and growth.

Research & Attribution:
https://twitter.com/milesjennings/status/1550541476274348034
https://www.statista.com/statistics/804748/worldwide-amount-crytocurrency-ico-projects/
https://www.reuters.com/legal/transactional/us-securities-regulators-win-case-against-crypto-company-lbry-2022-11-07/
https://www.congress.gov/bill/117th-congress/senate-bill/4356/text

🎆FOLLOW US🎆
Web3 Working Group
Website: https://web3wg.org
Twitter: https://twitter.com/web3wg
TikTok: https://www.tiktok.com/@web3wg
Instagram: https://www.instagram.com/web3wg
Amy James
Twitter: https://twitter.com/amyofalexandria
Instagram: https://www.instagram.com/amyofalexandria

Web3 Working Group is a 501(c)(3) nonprofit organization. Our purpose is to educate about web3 infrastructure and how it's distinct from financial services in the cryptocurrency industry. We educate about how web3 infrastructure will decentralize the web and permanently restore user control of cyberspace, replacing centralized control with transparent and permissionless protocols through incentives aligned with users. See more at www.web3wg.org