"Remember that the US has dominated the crypto market, apparently not yet."
It is well known that the interest of investors in the rapidly growing cryptocurrency market has caused many new businesses to rush to compete in the world of digital assets.
However, Coinbase Chief Legal Officer (CLO) Paul Grewal is concerned that the United States (US) will hand over a million developer jobs and three million high-paying jobs to foreign jurisdictions.
The situation may occur if the US does not increase its support and commitment to lead the increasingly developing digital asset economy, commented Grewal again.
Following the recent heated debate in the US about semiconductors moving further afield, Coinbase's CLO is worried the crypto industry in the US will be wiped out in the absence of the current regulatory environment.
In addition to supporting the domestic crypto industry and fostering new technologies, Grewal also wants to keep millions of good-paying jobs from moving offshore.
Crypto is an important technology and the people of the US have made it clear that they want digital assets as part of their future, so Grewal called on investors to share their views and send a message to their representatives.
This is because 52 million US citizens will not share their views or explain to their representatives that they want to see fair and balanced regulations that should be passed for digital assets.
As such, Coinbase is now making every effort to ensure that crypto will be part of the campaign conversation and the standwithcrypto.org website following digital assets is too important an industry in the US economy.
It's well known that the G-20 countries have not only adopted crypto regulations and frameworks but are well on their way to doing so, so Grewal said the US needs to do more to be at the forefront.
There is no denying that the US is falling behind, but he revealed that the good news is that the country still has time as there are several bills pending in Congress.
