We all have to realise that the world is not just the US, in the worst case Crypto companies will just go to other countries.

One thing that is very common with all of the fear and uncertainty we had around the SEC regulations for the past days is that we always kept talking about the regulatory situation in the US, the SEC or other institutions in the US have no direct influence worldwide. Meaning many Crypto companies just simply won‘t care much about that situation.

We can also speculate that those CEX like Coinbase of Binance likely knew a lot earlier of the plans of the SEC and that is why we already had been hearing about possible headquarter moves to the UK or UAE and the Coinbase CEO, Brian Armstrong even warning people that staking on exchanges.

But now we should also remember that even if the regulations in the US may be grim, that is not the whole picture. There is a whole world outside the US and moreover the US has been losing it‘s political and economical power over the years to countries like China, thus their importance is ever-declining.

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News of Hong Kong welcoming Coinbase today.

Here we can also see a news about Hong Kong welcoming crypto exchanges like Coinbase, showing that even outside of the US those exchanges will have a lot of options. With those strict regulations the SEC is only damaging innovation in their own country, Crypto will thrive worldwide meanwhile.