The United States could risk an exodus of major Web3 and cryptocurrency service providers as the Securities and Exchange Commission (SEC) takes action against Coinbase (NASDAQ:) and Binance.
Sergej Kunz, a co-founder of decentralized finance (DeFi) protocol 1inch Network, believes the SEC’s enforcement action against the two centralized exchanges could have a negative effect on the growth of Web3 in the United States.
Cointelegraph’s Gareth Jenkinson alongside 1inch Network co-founder Sergej Kunz at Money 20/20 in Amsterdam. Source: Cointelegraph
