Ripple's Asia-Pacific head of operations, Fiona Murray, recently shared her thoughts on the state of crypto regulation in the United States. Murray believes that the U.S. is falling behind other countries in terms of crypto-friendliness and that this is unlikely to change after the upcoming presidential election. "The U.S. is somewhat behind crypto-friendly nations like Singapore and the UAE, and it's unlikely that the presidential election will change that in the short term," Murray told Cointelegraph in an interview. "We have yet to see any major shift in policy from either party, and I don't expect that to change anytime soon." According to Murray, the lack of regulatory clarity in the U.S. is holding back the crypto industry. "The U.S. still doesn't have clear regulatory guidance for cryptocurrencies, and this is making it difficult for businesses to operate in the space," she said. "Once the U.S. gets regulatory clarity and infrastructure in place, we should see banks entering the space, more tokenization and more assets being tokenized and held in custody." Murray's comments come as the crypto industry is facing increased scrutiny from regulators around the world. In recent months, several countries have announced plans to crack down on cryptocurrencies, citing concerns about money laundering and other illegal activities. Despite the regulatory challenges, the crypto industry continues to grow. The total market capitalization of all cryptocurrencies has more than doubled in the past year, and there are now over 100 million crypto users worldwide.