SEC is killing innovation in United States – 1inch co-founder

“Kunz added that he had seen Coinbases CEO holding talks with United Arab Emirates delegates previously this year exploring the possibility of setting up store in the Middle East. Within a few weeks, news broke that Coinbase is indeed looking to develop a base of operations in the UAE.Events in the U.S this week are a stark contrast to the experience at Money 20/20, where a huge selection of home names in TradFi were interspersed with a handful of business and service companies from the cryptocurrency and DeFi ecosystem consisting of Ripple and USD Coin (USDC) issuer Circle.Cointelegraphs Gareth Jenkinson along with 1inch Network co-founder Sergej Kunz at Money 20/20 in Amsterdam.1 inch Network, which has actually developed itself as a noteworthy DeFi aggregation protocol, likewise had a booth setup near the primary entrance to the event.”Kunz stated that a significant stumbling block for regulators is understanding how smart contracts and settlements work on blockchain systems.