The crypto market in the United States has posed significant challenges for startups aiming to compete on a global scale. Despite the Biden administration's commitment to supporting secure blockchain advancements, local crypto companies face substantial barriers that impede widespread adoption.

A key obstacle in their path is the Securities and Exchange Commission (SEC), which has become a major hindrance for these companies. As a result, leading American crypto firms like Coinbase Global and Ripple have been compelled to redirect their efforts towards international markets, seeking more favourable conditions for growth and expansion.

While the United States continues its journey in the crypto space, regulatory complexities read on....