CandleFocus Solana co-founder advises crypto startups to move to the US
2024-12-05
Author: Content Editor
Solana co-founder Anatoly Yakovenko has advised crypto startups to relocate to the US due to the expected regulatory clarity under the Donald Trump administration. Yakovenko believes that despite the legal costs, the US market has great potential for startups to thrive. This sentiment is reflected in the decision of Circle, the issuer of USDC stablecoin, to relocate its global headquarters to New York City. Previously, many crypto companies had chosen to leave the US for jurisdictions with more favorable regulations, but they are now focused on strengthening their base in the US market. The appointment of pro-crypto individuals to key positions in government has further boosted industry stakeholders' confidence in the Trump administration's stance on cryptocurrencies.
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