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The regulatory shift has significant implications for the crypto industry. With the threat of the SEC's "reign of terror" against crypto founders lifted, new companies can now be created and existing ones can thrive within the United States. This is a stark contrast to the previous administration, which pushed many promising crypto projects offshore to places like Dubai, Singapore, and the UAE.
The new pro-crypto stance also opens the door for more fundamental innovation in the space. Projects that were previously deemed "securities" by the SEC can now flourish, as the regulatory burden is lifted. This could lead to a surge of new and innovative crypto projects, as entrepreneurs are no longer constrained by the fear of regulatory crackdowns.
The Race for Crypto Dominance
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