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Fred Wilson, a well-known Silicon Valley investor, responded to the strict regulation of the cryptocurrency industry in the United States by saying that he will double his efforts and invest in technologies that make existing institutions feel fearful!

Fred Wilson has updated his blog, discussing the regulatory pressure on Web3 investments in the United States and comparing it with China's innovation approach.

Wilson stated that he attended a hearing held by the New York State Department of Financial Services in 2014 and believed that the US respects freedom of innovation.

When asked if such regulatory pressure would lead to a reduction in Web3 investment, he replied that he would "double down" and invest in technologies that make existing institutions feel fearful.

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