The US is late to crypto, but there's still a chance to catch up... regulation isn't the only answer

"The U.S. is lagging behind crypto-friendly jurisdictions like Singapore and the UAE, but there is still an opportunity to catch up."
Fiona Murray, Head of Asia Pacific (APAC) at Ripple
Murray said at the Token2049 event in Singapore.
He made this claim because most of Puru's business innovation is in Singapore, not the U.S. Murray said that the closed mindset of the U.S. means that many crypto founders are unable to get a fair playing field.
He noted that many crypto investors are fleeing to Asia and other countries to find new opportunities, and that the APAC region has provided a stable environment and core infrastructure that allows for the healthy development of crypto assets.
"Our banking partners like DBS in Singapore are really on the front lines and they are being held accountable by regulators," he said, referring to DBS, Southeast Asia's largest bank.
"We were advised to work with a Web3 company. Regulation is not everything," he emphasized. "The United States is lagging behind in the field of crypto assets, and contrary to recent expectations, this election
"These increases are not likely to make a big difference in the short term," he said, but suggested there was still an opportunity for the U.S. to catch up.
He added, "The United States is lagging behind by quite a bit, but it has a supportive banking community,
"If the framework, the systems and the organization in general are supported, we will be able to catch up," he said, adding, "I believe there will be regulatory and infrastructure clarity in the U.S., and it's just a matter of time."
He added.