Gemini Boss Cameron Layuvoss Trusts Bull Run Crypto Will Starting From Asia

Gemini co-founder Cameron Voss. (Photo; Doc. Coinmarketcap)

JAKARTA - Cameron Burvoss, co-founder of US-based cryptocurrency exchange Gemini, believes that the next increase in cryptocurrencies will occur in the East. In a tweet on Sunday, February 19, Bangkavoss expressed his belief that the next increase would make crypto a global asset class.

According to him, the West, especially the US, only has two options, namely accepting or being abandoned. Bangkaoss stated that this cannot be stopped and caused any government that does not provide clear rules and sincere guidance will be abandoned quickly.

It also means losing the largest period of growth since the emergence of commercial internet and the opportunity to form and become an important part of the world's future financial infrastructure.

Meanwhile, the US Securities and Exchange Commission (SEC) is under intense scrutiny following recent law enforcement actions against crypto companies.

Many crypto advocates, including SEC Commissioner Hester Peirce and several lawmakers, expressed concern that the SEC did not provide clear rules for crypto companies to comply. Instead, the Commission chose to take a law enforcement-centric approach to regulate the crypto industry.

Meanwhile, cities in Asia such as Hong Kong, Singapore, and Busan in South Korea, seek to become crypto centers, and some places in Europe are also seeking to establish themselves as crypto centers. According to a study by crypto tax company Recap, London has been named the "city most crypto-ready".

However, Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell have warned that the US risks losing its status as a financial hub if no crypto regulation is clear. Both have asked Congress to immediately pass clear crypto laws.

In an era of uncertainty in crypto regulation,ulti-voss warned that crypto companies should have clear rules and sincere guidance so as not to be abandoned.

The next increase in cryptocurrencies may come from the East, but one thing is for sure, crypto is a class of global assets and anyone who doesn't notice it will lose a great opportunity in the future.