Mike Novogratz, CEO of Galaxy Digital said in an interview, US governments won’t hurt Bitcoin or Ethereum but will target the local crypto-firms. The States released a draft about the new crypto-regulation, and seemingly they want to control the business infrastructure of the crypto-industry in the USA, start with the stablecoins and their issuers.
There are critics, companies could be regulated, forced, so they are far from decentralization. But here come two things into the game. Companies using the networks, not ruling those. Good to offer services in the crypto business, but it’s not necessary for the existence of the open blockchains. On the other hand, these companies are pioneers. Just look at Switzerland, where politicians can’t work enough to lure the industry into the country. They know, these are the pioneers of the future.