It appears that while other countries like France are working to let crypto thrive, the US and the SEC will be more aggressive given the influence Wall Street has on them and that Wall Street does not control crypto.
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i think countries with unemployment rates that are high for young people are forced to consider putting in place friendlier regulation frameworks to attract capital and retain talent.
Interesting point. Also, many of those countries have not been co-opted by the multinational financial institutions or they have less influence.