Against the backdrop of increased pressure from US regulators on digital asset market participants and possible reprisals against leading industry players, Cameron Winklevoss said that the United States could become an outsider if the government does not accept crypto assets.
According to Cameron Winklevoss, East Asian players are building up their potential, including through cryptocurrency companies that leave the US due to an unfriendly atmosphere.. In his opinion, government support for innovation in the Asian crypto market lays the foundation for a new growth of the industry, but without the participation of America.
“My working thesis is that the next bull run will start in the East. This will be a humiliating reminder that cryptocurrency is a global asset class and that the West, and more specifically the US, has always had only two options: accept it or stay behind.. This process cannot be stopped. We are missing the opportunity to be a fundamental part of the future financial infrastructure of this world,” Winklevoss tweeted.
Earlier, Coinbase CEO and co-founder Brian Armstrong said that unreasonably strict actions of US regulators could force players of the national crypto business to leave the country.