The lack of clear regulatory guidelines for the digital asset industry in the United States is causing key business opportunities and innovation to move to other nations with proper frameworks, such as European countries and the UAE. Susan Friedman, the Policy Head at Ripple blockchain, has warned that this migration of crypto industry players to Europe is impacting jobs and investment loss. The recently introduced MiCA regulations in Europe have created a clear set of rules for the industry, which is attracting talent and investment. The US risks losing a significant share of the industry's growth potential if it does not provide a comprehensive regulatory framework.