In the United States, the largest economy in the world, there is a lack of regulatory clarity which is causing financial institutions to have limited integration of digital assets.
Digital assets have a plethora of use cases for businesses in the U.S. For example, XRP can be used for providing liquidity for cross border payments faster and at a lower cost.
Because there is lack of regulatory clarity in the United States, businesses who are integrating cryptocurrency or blockchain within their business model are leaving to other countries with proper regulation and the bad apples are staying and taking advantage of the lack of regulatory clarity.
The cryptocurrency ecosystem is continuing to grow with the likes of Goldman Sachs, NYSE, Nasdaq, Ameritrade and most of wall street, and they are building institutional backed platforms.
Proper regulation can be a catalyst for the rapid growth of digital assets