The United States will become the global crypto and blockchain leader

On Oct. 6, Gary Gensler, head of the U. S. Securities and Exchange Commission (SEC), confirmed during a House Committee on Financial Services hearing that the regulator will not ban cryptocurrency.

U.S. regulators are incorporating the cryptocurrency industry into its financial system –  allowing the traditional banking system to work alongside the new and fast-growing decentralized financial system. This could enable the U.S. to become a frontrunner in fintech development, blockchain technologies and decentralized application.