Empire Newsletter: How the US has impacted crypto innovation

Momentum shift

This time last year, the crypto narrative was completely different. 

And — while we’re stuck in a weird sideways moment here — there’s no doubt that the market is more positive right now than it was a year ago, when Coinbase and Binance were reeling after the SEC filed lawsuits against both exchanges on consecutive days.

Folks were spooked, and rightfully so. We still don’t have as many answers as we might want, but we’re not seeing projects flee to other countries (to the same extent at least, though the three Wells notices served to Consensys, Uniswap and Robinhood have left a bad taste).

Blockworks co-founder Jason Yanowitz noted on Empire this week that…

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