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The US crypto industry shows signs of recovery after a regulatory storm

Alex Gluchowski, chief executive of Matter Labs, said the US crypto industry had become a "powerful electoral force". Last year, the crypto market was sluggish due to the deterioration of regulatory environments, but this year things have improved, and projects such as Circle are planning to list in the United States. Despite regulatory challenges from the Securities and Exchange Commission, Blockworks co-founder Jason Yanowitz pointed out that the number of conference speakers has picked up this year, indicating a return to industry confidence. Bill Hughes, chief legal officer of Consensys, believes that regulatory uncertainty stifles innovation and gives large companies a competitive advantage. Joshua Riezeman, deputy general counsel of GCR, warned that the United States needs to clarify the regulatory framework or lose more crypto companies. Despite the challenges, Gluchowski emphasized the growing influence of the U.S. crypto community, exemplified by the bipartisan FIT21 bill. Hughes believes that the United States has the advantage in terms of capital and talent to still lead the crypto space.