Not a week goes by without another U.S. #FinTech company going bust or receiving a lawsuit from regulators. The biggest beneficiary of this relentless crackdown on #cryptocurrencies is likely to be Asia.

It has become clear in recent months that the U.S. government does not want a thriving digital asset industry or the innovation that goes with it.

#Regulatory confusion over asset classification and federal agency heads shooting from the hip at anything related to the industry has made matters worse.