Regulatory Uncertainty Hinders Blockchain Progress in the US

Bank of America's research report states that digital assets have underperformed the Nasdaq stock index by 24% since May due to regulatory uncertainty caused by the SEC's enforcement actions against Binance and Coinbase. However, the bank believes that the focus on regulatory headwinds is overshadowing the rapid development and integration of blockchain technology infrastructure, which has the potential to transform financial and non-financing infrastructure and markets over the next five to 10 years.