I am a US citizen going through legal process to set-up my crypto business in Switzerland. Its the US loss for these extreme regulations. Now the investment money will follow into Switzerland to make them richer and not US. Its only b/c of the US policies and fear from SEC why I did this. If the business becomes large its a potential 1 billion+ loss for the US in opportunity cost.
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Without a doubt. Not only is it a disservice to individuals, but it also hurts themselves. Thinking they can stop something from regulations has been proven to be wildly ineffective, but rather they will loose all potential revenue that it would have generated. Thanks for the reply!