There are certain overall demographic trends in regards to crypto investing and trading. The overseas Asian and European market is extremely developed and has all the exchanges and is heavily geared towards leveraged trading. It is a more advanced accessible sophisticated market with more legal listings for a greater number of people globally.

The American laws regarding Dodd Frank act treating crypto like an unregulated non centrally cleared over the counter swap instead of a centrally cleared commodity is a risk to the overall system. The unwillingness of the SEC and CFTC to make it easy for exchanges to work in the united states and to clarify things and fast track things is a risk to the system.

Americans in general are toxic maximalist and much less sophisticated in their investing and trading of crypto than the global community. This is because traditional finance in America is very inaccessible and politically and class bifurcated with people from traditionally upper middle class northern conservative families that do not like crypto or understand crypto, where high leverage traders in america tend to be well over the age of 50 and totally uninterested in trading. Everything in America is for the old and the younger have nothing.

The problem is apparent with the Bitmex Indictment. The Department of Justice has laid out an agenda where it is going to do it's best in the coming 4 years to force American regulations on the world. They have avowed to do this, to go after all of Defi and all exchanges in the world except for Huobi, OKex, and Bitthumb which are fully regulated and mandatory KYC.

American institutions and retail have an ulterior motive of toxic maximalism and custodianship and largely introducing intermediaries and treating bitcoin as a custodian held long term investment largely held in funds and banks. What people do not understand about the people who make regulations in America for bitcoin is that they largely want to trap the supply inside banks and funds. They do not like product diversity or DeFi or accessibility. That's why they engage in such protectionism and deliberately allow the CFTC and SEC to not give clarity on other areas of crypto.

Because the US will enforce it's laws globally, the only way to fully protect the ecosystem is to put a tremendous amount of pressure on the CFTC and SEC to make fully regulated derivative exchanges that are exactly like Huobi and Okex with all the coins and all the leverage, and to put the pressure on them to get Huobi and Okex to become Us regulated Future Commission Merchants and to function as centrally clearing exchanges so that the Asian and American market isn't bifurcated.