Ark Invest: US Will Lose its Leadership Due to Tough Crypto Regulation
According to Yassine Elmandjra from Ark Invest, the United States could lose its status as a technological leader in the years ahead, due to its stringent approach towards the cryptocurrency market.
This sentiment has been echoed by various business and knowledge professionals who have, time and again, urged the US leadership to take a stance that encourages the growth of the industry, rather than one that hinders it.
The analyst also stated that the economic growth potential of the blockchain industry and digital currencies has been overlooked by institutional investors in the US, causing them to shy away from the sector.
Additionally, he determined that the lack of clear regulation for cryptocurrency-related transactions further disincentives large scale investments into the cryptosphere.
