A founder I know left San Francisco for Dubai last year. Top engineering degree. Backed by Y Combinator. Building a DeFi protocol with real traction. He didn't leave because he wanted to. He left because his lawyers told him: "We can't advise you on US regulatory risk with the current ambiguity." He couldn't hire US engineers. Couldn't take US investors. Couldn't serve US users. He moved. Built in Dubai. Now has 200,000 users. Today Congress held a hearing in New York about why crypto talent is leaving. He watched it on a livestream. From Dubai. Senator Lummis is right. The talent is already gone. 🏗️
EmberShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.