Animoca Brands CEO stated that the Biden administration’s regulatory “clampdown” stifled competitors in the U.S., allowing overseas Web3 investment companies to expand without facing competition from American giants

Event date

May 13, 2025

Quotes that support claims

“If the US didn’t do what they did with the regulators [under Biden], we probably would have competitors in the US. Normally we’d be fighting with some giant or something. It’s the biggest market, so we should go there, right?

“If the U.S. didn’t do what they did with the regulators [under Biden], we probably would have competitors in the U.S.," Siu said

Tags

Week 20 of 2025