From Cointelegraph

May 5, 2025 5:00 AM:

Launching a crypto project in the US has been challenging due to legal ambiguity and a hostile regulatory environment. Despite Trump’s administration claiming to be crypto-friendly, no concrete changes have been made. The SEC’s Howey test classifies most projects as securities, hindering decentralization. Offshore jurisdictions like Switzerland have become crypto safe havens, attracting projects due to legal clarity. US founders face obstacles and are pushed offshore due to regulatory risks. The US must provide regulatory clarity and a new legal framework to lead in crypto. Crypto founders are incorporating offshore due to the lack of clear regulations in the US, causing the country to lose its competitive edge in the industry. The US needs to act quickly to prevent further loss of talent and investment to more crypto-friendly jurisdictions.

Read more at Cointelegraph: America’s crypto renaissance is already failing; but we can fix it