Fears the U.S. is losing its crypto edge may be overblown. Here’s why

The crypto world is watching the U.S. to see if recent regulatory developments in the industry could force some much longed for clarity around how to operate a crypto business. The market got a confidence boost in June - thanks largely to a move by asset manager BlackRock to launch a spot bitcoin ETF - after six months of the SEC cracking down on the industry. The path to regulatory clarity is still unclear, however, and investors are worried that as Washington dilly dallies around crypto, the U.S. is losing its competitive edge to the rest of the world. Others,…