Global Efforts to Clarify Crypto Regulations Amidst Regulatory Warfare

South Korea, Singapore, and Thailand have introduced new rules and regulations for cryptocurrency exchanges, focusing on investor protection and clarity. In contrast, the United States is experiencing regulatory uncertainty and political battles over how to manage the cryptocurrency industry. While some Asian countries are adapting to innovation and attracting crypto companies, the US is struggling to apply outdated frameworks to new financial technology. The US Congress has yet to pass substantial legislation in this area, leaving the courts to interpret digital assets within existing legal frameworks. The US Securities and Exchange Commission (SEC) has faced criticism but is seen by some as fulfilling its fiduciary responsibility to protect investors.