On October 24th, according to Cointelegraph, blockchain company Consensys sent an open letter to the future president of the United States, asking for clear and supportive regulations on cryptocurrencies and Web3. The letter states that regulatory rulings need to be transparent to keep the United States competitive globally, while addressing consumer protection and illegal activities. Consensys believes that regulatory uncertainty in the United States has hindered the development of blockchain technology. The company pointed out that despite the global adoption of decentralized platforms, there is a lack of a comprehensive framework. Consensys said this gap in regulatory guidance has led to inconsistent enforcement actions and hindered innovation by businesses and developers.