Part 6/13:
The witness expressed concern about the complex, overlapping jurisdictional landscape in the United States, with fifty states and numerous federal agencies—such as FINRA, the SEC, and FinCEN—each asserting authority over aspects of digital currency. This patchwork creates confusion and regulatory uncertainty, hampering industry growth.
Antonopoulos noted that the U.S. industry currently seeks regulatory clarity but warned that heavy-handed oversight could stifle innovation. In contrast, he praised Canada for its more open and nuanced approach, which recognizes the differences in use cases and technology within the sector.