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Animoca Brands Warns US May Fall Behind in Blockchain and Crypto Markets Due to Regulatory Scrutiny

June 26 (Cointime) - Animoca Brands, a major blockchain gaming player with investments and licenses in companies such as MotoGP and Power Rangers, believes the United States is lagging behind in the blockchain and crypto markets due to regulatory scrutiny from the SEC.

Co-founder Yat Siu stated that other countries in Asia and Europe are moving faster and positioning themselves advantageously in Web3. Siu also shared his vision for Web3, claiming it can solve some of capitalism's problems and create more equity for stakeholders.

Animoca Brands is committed to the long term and has over 450 investments in various marketplaces. Despite not receiving the best returns individually, the company's long-term commitment to the market is demonstrated by its decision to hold onto its currency assets during the crypto boom, with token positions worth $16 billion at the peak of the industry in 2021.

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