The founder of a unique cryptocurrency wallet Pillar, David Siegel, has recently expressed his opinion that The United States Securities and Exchange Commission (SEC) is mainly responsible for a long-term cryptocurrency market downfall.
In his opinion, the development of digital coins industry is artificially restrained by SEC and the US government. He claims that in order to achieve success in this area innovation are needed but the regulators don’t provide adequate support to startups and new blockchain developments. David Siegel is confident that because of this the USA has long lost leadership in this area. The fact is that many highly qualified specialists leave the country and reveal their potential elsewhere, where they find support. As a proof of his words, David Siegel gives his personal example where he claims that he had much more support in Europe and the UK that is why he managed to achieve good results in his own project.
Recall that SEC has extended again the deadline of reviewing the applications for listing Bitcoin-ETF from Bitwise and VanEck from 45 days to 90 days.
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