"My biggest concern is that cryptocurrencies are becoming politicised and a partisan issue in the US, which at the very least slows down or even threatens their continued growth and development," said Paul Grewal, chief legal officer at Coinbase. He stressed that policy modernisation would require bipartisan support in the US. Applying the Howell test "blindly and mechanically" to blockchain and cryptocurrencies makes no practical sense. Even legal precedent from the Supreme Court has been held to be applicable to specific situations and needs to be adapted to new technologies and issues emerging in markets and economies. What is most encouraging for me in Asia is the focus on specific issues and little on ideology, compared to the challenge in the US of having a meaningful dialogue with large parts of government when it comes to cryptocurrencies and policy. " However, he remains optimistic about the United States, as both major political parties are beginning to recognize the importance of cryptocurrencies.