Solana Co-Founder Appeals To Congress For Crypto Regulation | Headlines | News | CoinMarketCap

09/19/2023 18:53
Solana Co-Founder Appeals To Congress For Crypto Regulation | Headlines | News | CoinMarketCap

Renowned entrepreneur and co-founder of Solana, Anatoly Yakovenko, recently spoke to Fortune Magazine about the pressing need for regulatory clarity …

Renowned entrepreneur and co-founder of Solana, Anatoly Yakovenko, recently spoke to Fortune Magazine about the pressing need for regulatory clarity in the blockchain industry. 

America's Declining Technological Leadership

Yakovenko, who co-founded Solana with the vision of creating a globally accessible and decentralized blockchain platform, emphasized that regulatory uncertainty is stifling innovation and driving talent away from the United States.

He claims that the situation has led to even well-established companies grappling with regulatory complexities, prompting founders to consider leaving the United States in search of more favorable regulatory environments.

He cited a Fortune Magazine report, which discovered that the United States declined from hosting 42% of the …

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