Gemini According to co-founder, the next cryptocurrency bull market will be sparked by the East. “It will be a sobering reminder that cryptocurrencies are a global asset class,” He said. “The WestThe USA, in fact, had only two choices: either accept it or stay behind. It “It can’t be stopped.”

Gemini Co-Founder Forecasts East Will Lead the Next Crypto Boom

Cameron WinklevossCo-founder of a US-based cryptocurrency exchange GeminiAccording to, the next cryptocurrency bull run will be initiated by the East. He Tweeted Sunday:

My current thesis [work] is that the next bull run will start from the East. This will be a harsh reminder that cryptocurrencies are an international asset class.

“The West, particularly the US, only had two options: accept it or remain behind. It can’t be stopped. We know that,” He underlined the importance of this.

“Any government that does not offer clear regulations and honest guidance will be left behind. Quickly. This will mean missing out on the biggest period of growth since the rise of the commercial Internet,” The Gemini co-founder continued. “And it will mean missing out on the opportunity to shape and be a critical part of the future financial infrastructure of this world (and beyond).”

The US Securities Exchange Commission The recent enforcement actions against cryptocurrency firms have brought the (SEC) under intense scrutiny. The A regulator has charged crypto exchange Kraken On Feb. 9 for the staking program, and days after Paxos Stablecoin issuing authority Binance USD (BUSD). The SEC took further action towards Gemini In January For supposedly marketing unregistered securities through its retail customers “Earn” Crypto asset lending program.

Many SEC members and cryptocurrency supporters Commissioner Hester Peirce Several lawmakers have also expressed worries that the SEC doesn’t provide clear instructions to cryptocurrency firms for adapting to. InsteadThe Commission The enforcement-focused approach to regulating crypto trade has been adopted by the government.

MeanwhileAn increasing number of jurisdictions are recognizing this. Asian International locations are making an effort to become a cryptocurrency hub. Hong Kong, Singapore?, South Korea’s second-largest metropolis, Busan. Several Locations Europe They are also striving to be a crypto hub. The latest examination by the crypto tax agency Recap Ranking London Because of the “most crypto-ready city.”

The Chief executive Nasdaq-listed Coinbase The previous week of the United States If there is no clear regulation of cryptocurrency, it could be in danger of losing its position as a financial center. He The CEO of Kraken Have urged Congress To act quickly in order to implement clear crypto laws

Do You agree with the Gemini Co-founder: The next crypto bull run will start from the East? Let Please let us know in the comments section.

kevin helms

KevinAnonymous Austrian Economics student, discovered Bitcoin He was an evangelist in 2011 His interests lie in Bitcoin Security, open-source programs, network effects and the intersection between economics and cryptography.