On October 24th, according to Cointelegraph, blockchain company Consensys has issued an open letter to the future US President, requesting clear and supportive regulations for cryptocurrency and Web3. The letter points out that regulatory decisions need to be transparent in order for the US to remain competitive globally, while addressing consumer protection and illegal activity issues. Consensys believes that regulatory uncertainty in the US has hindered the development of blockchain technology. The company notes that despite the adoption of decentralized platforms worldwide, there is a lack of comprehensive frameworks. Consensys states that this gap in regulatory guidance leads to inconsistent enforcement actions and hinders innovation for businesses and developers.