UK-US Crypto Regulation "Competition"

[{"type":"paragraph","children":[{"text":"Against the backdrop of the US having established a leading advantage through legislation such as the GENIUS Act, the a16z report points out that the United Kingdom still has a "},{"text":"\"short but significant window period\" ","bold":true},{"text":"to shape its unique competitive advantage through wise regulation."}]},{"type":"paragraph","children":[{"text":"Opportunities and challenges in the United Kingdom:","bold":true}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Opportunity ","bold":true},{"text":": About 12% of United Kingdom adults hold cryptoassets, and blockchain is expected to contribute "},{"text":"40 billion pounds ","bold":true},{"text":"to the United Kingdom economy by 2035. Clear and forward-looking regulation can help London upgrade from a traditional financial center to a \"crypto innovation center\"."}]},{"type":"list-item","children":[{"text":"The challenge (which is also the core of the proposal) ","bold":true},{"text":": action must be taken quickly to establish "},{"text":"predictable regulatory environments ","bold":true},{"text":", otherwise projects and capital will flow to jurisdictions with clearer rules (such as the US)."}]}]},{"type":"paragraph","children":[{"text":"The key implication of the report: ","bold":true},{"text":"Crypto regulation has become a "},{"text":"strategic tool for competition between countries ","bold":true},{"text":". If the United Kingdom wants to not fall behind, it must coordinate and compete with the US on key issues such as decentralized frameworks and stablecoin mutual recognition, and build its own attractiveness."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"In short: ","bold":true},{"text":"This is not only rule-making, but also a competition for future financial has the voice over and economic growth points. Do you think the United Kingdom can seize the opportunity?"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"International Competition Analysis: ","bold":true},{"type":"link","url":"https://a16zcrypto.com/posts/article/steps-uk-drive-growth-protect-consumers/","children":[{"text":"https://a16zcrypto.com/posts/article/steps-uk-drive-growth-protect-consumers"}]},{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"link","url":"https://a16zcrypto.com/posts/article/steps-uk-drive-growth-protect-consumers/","children":[{"text":""}]},{"text":"\n"},{"type":"topic","character":"InternationalCompetition","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"UnitedKingdom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"US","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Strategy","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"EconomicGrowth","children":[{"text":""}]},{"text":" "}]}]