The USA is often seen as the most important market in the global cryptoverse, being a home to various globally relevant cryptocurrency projects, including Bitcoin as the best known one. While the crypto scene in the States can be described as booming, the country is still struggling to find the best ways to regulate the emerging industry.
Considering that the majority of crypto traders at the global level hail from this country, it is no wonder that the positive perception of the cryptocurrencies is on the rise, particularly among the younger demographics and institutional investors. At the same time, the US Securities and Exchange Commission (SEC) is known for its nationwide crackdown on what it describes as illegal practices involving cryptocurrencies. The USA can be described as a country of contrasts when it comes to cryptos, in which it is possible to have some interest groups pushing for the ban on anonymous crypto transactions at the same time when having a presidential hopeful pushing a favorable crypto agenda.