![]() A bright future.īut what you're seeing now - are companies preparing. And - just like that - he was fired.īlockchain technology and crypto do have a digital future. One leader LOVED this guy and promoted him right away.Īfter all, he was the charismatic leader the company needed!īut this shiny, new, toy - didn't have years of experience. Truly built lifelong friendships, garnered trust, was loved by peers and those above me.Īlong came 'the new guy'. Hours & Hours of blood/sweat/tears.Ĭried with people. Let me tell you a story, friend, it's a good one. The UK has not finalized it’s regs yet but they know the opportunity. The downside is you get sideways rain for 11 months of the year… If the US don’t sort their shit out, you will hear the giant sucking sound of London attracting every major crypto firm and accelerating the space globally without the US having as large a say and left floundering.Īll the crypto industry needs is a home with good regulation, that speaks English, has a global infrastructure and optimal rule of law and is easily livable. The US probably has one year to sort it’s shit out, get rid of Gensler and set out good regulation but that seems a near zero chance. It also has closer alignment with the other much needed partners of HK, Singapore, UAE and offshore centers like Cayman, in order to make this globally successful. Meanwhile, the UK has made it 100% clear that it wants to go all in to capture this opportunity, using its ace card of regulation arbitrage, in which it excels. The US is fearful of losing control of the dollar system over time, and is scoring own goal after own goal and dragging its heels on attracting the $1trn +crypto industry. Now we are faced with exactly the same opportunity in crypto. In the 2000’s the US gained back its leadership role as EU post-crisis standards tightened and the UK left the EU. London eclipsed NY in global importance and volumes. Things accelerated in the '80's and ‘90’s as London captured the regulatory arbitrage opportunity of the giant Eurodollar markets and again with the derivative markets. ![]() The UK was the center of all FX trading post the US leaving the Gold Standard due to US currency restrictions. ![]() London has been exceptionally good at US regulatory arbitrage, when the US flounders on a particular big issue. The center of global financial markets flips every decade or so between London and NYC. As the US drags, stumbles and fumbles its crypto regulations it’s arch rival waits in the wings… ![]()
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