According to Odaily Planet Daily, Fiona Murray, managing director of Ripple APAC, recently said that the United States has made slow progress in cryptocurrency, and despite recent hope, the election is unlikely to change this in the short term. However, the United States still has a chance to catch up.

She mentioned that much of the innovation in Ripple’s business happens in Singapore, not the U.S., and that a “lack of openness” has driven many cryptocurrency founders to Asia and other countries in search of fairer conditions.

She believes that the Asia-Pacific region provides a "stable environment" with many core infrastructures that can promote healthy cryptocurrency development. Singaporean banking partner DBS Bank is currently leading the way and is encouraged by regulators to work with responsible Web3 companies. Therefore, it is not just about regulations.