As one of the fastest-growing tech and economic sectors and the foundation for the next-generation internet of value, characterised by user ownership and trade, the US is losing ground as a centre for digital asset innovation.

However, the White House acknowledged that digital assets had a tremendous potential to "transform industries and business models" in its #Economic Report of the President, which was published in March 2023.

This raises the question of why US regulatory activities culminated in "Operation Chokepoint 2.0," a concerted effort to impede cryptocurrency-based development in the nation, with exhibit A being the recent steps taken by the #SEC against #Binance and #Coinbase.