U.S. crypto industry shows signs of recovery after regulatory storm

Matter Labs CEO Alex Gluchowski stated that the US cryptocurrency industry has become a "powerful electoral force". Last year, due to a deteriorating regulatory environment, the cryptocurrency market was sluggish, but this year the situation has improved, with projects such as Circle planning to go public in the US.

Despite facing regulatory challenges from the Securities and Exchange Commission, Blockworks co-founder Jason Yanowitz pointed out that the number of speakers at this year's conference has increased, indicating a recovery in industry confidence.

Bill Hughes, Chief Legal Officer of Consensys, believes that regulatory uncertainty inhibits innovation and gives large companies a competitive advantage. Joshua Riezeman, Deputy General Counsel of GCR, warned that the US needs to clarify its regulatory framework, otherwise it will lose more cryptocurrency companies.

Despite the challenges, Gluchowski emphasized that the influence of the US cryptocurrency community is growing, as evidenced by the bipartisan-supported FIT21 bill. Hughes believes that the US has advantages in capital and talent and can still lead the cryptocurrency field.