Interview? After CLARITY stalls, where do US crypto founders build next?
Senate setback leaves crypto founders weighing overseas expansion
A stalled Senate effort to establish a federal framework for U.S. crypto markets could add to the regulatory uncertainty facing digital-asset and tokenisation startups deciding where to base operations and deploy capital.
The CLARITY Act failed to clear a key Senate hurdle, according to Nikita Oruganty of communications firm Luna PR, delaying a bill intended to provide clearer rules for the sector.
The setback may sharpen comparisons with markets that already have defined regulatory systems, including the European Union under its Markets in Crypto-Assets regulation, known as MiCA, and Singapore. Companies weighing launch locations, fundraising and expansion may place greater emphasis on the predictability of local rules while U.S. legislation remains unresolved.
Edwin Mata, co-founder and chief executive of tokenisation platform Brickken, said he is available to discuss how regulatory delays could affect founders’ decisions about where to locate teams and capital. Mata, a lawyer by background, has built Brickken’s operations across more than 30 countries, according to the company’s representative.
Brickken says it has worked with more than 150 clients and supported over $500 million in tokenised assets.