SEC is killing innovation in United States - 1inch co-founder

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Mass exodus ahead? SEC's enforcement action is stifling Web3, says 1inch co-founder Sergej Kunz.

Kunz said that while MiCA pertains more specifically to centralized exchanges, efforts to create frameworks for businesses to offer products and services across the continent have been positive for the wider Web3 ecosystem

“They say, ‘how we can help you’? If you have something that adds value, we can change the framework.”

 

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1inch Kunz added that he had witnessed coinbase’s CEO holding talks with United Arab Emirates delegates earlier this year, exploring the possibility of setting up shop in the Middle East.

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