Cameron Winklevoss: A new wave of crypto market growth will begin in the East

The next bull market will start in the East, and the US will have only two options: accept cryptocurrencies or stay behind. This was stated by the co-founder of the Gemini exchange Cameron Winklevoss.

The top manager emphasized that the development of digital currencies cannot be stopped.

“Any government that doesn’t offer clear rules and ‘sincere leadership’ will be forced to swallow the dust. Fast. This will mean skipping a great period of growth since the advent of the commercial Internet. You can miss the opportunity to shape and be a fundamental part of the future financial infrastructure of this world (and beyond),” the expert explained.

Such statements were made against the backdrop of claims NYDFS AndSEC to Paxos regarding the issuance of BUSD, as well as Kraken’s accusations of not registering a staking program.

In addition, Gary Gensler’s office has proposed expanding and strengthening the role of qualified custodians in relation to cryptocurrencies. The move was criticized in the community.

The SEC’s initiative may have been in response to a recent wave of industry bankruptcies, which has seen FTX, Celsius, BlockFi, and Voyager clients unable to recover their funds in full.

Recall that Compound founder Robert Leshner allowed “Armageddon” in the industry due to the actions of US regulators.

Earlier, The Wall Street Journal reported that banks are halting cooperation with crypto firms due to fears of reprisals from supervisory authorities.

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