The U.S. government's regulatory approach to cryptocurrency is creating a chilling effect, making founders hesitant to innovate in the space due to fears of legal repercussions.

The Biden Administration's approach to technology, particularly in crypto and AI, has been detrimental to innovation and entrepreneurship.

Various government agencies, including the SEC and FTC, have been weaponized against industries like crypto and AI, which poses a significant threat to innovation and economic growth.

We believe that achieving clarity in crypto regulation is essential for innovation in the U.S., as the current lack of agreement among regulatory bodies is untenable.

The Biden administration's lack of engagement with us on technology policy, particularly regarding crypto, has left us feeling unheard and concerned about America's future in AI.

Despite the challenges, now is a great time to work on crypto ideas due to advancements in programmable money and AI, but the regulatory environment in the U.S. makes it difficult for crypto to regain its appeal.

Cryptocurrencies are one of the greatest inventions in human history, creating a digital frontier free from regulatory interference.

The tightening regulations from the Biden Administration have had a negative impact on businesses, leading to a realization that these changes are part of a concerted campaign against innovation and entrepreneurship.

The current lack of clear regulation around stablecoins is problematic. Entrepreneurs need bright-line rules to foster innovation while ensuring consumer protection and preventing failures like FTX.