July 4 (Cointime) - Despite recent regulatory actions against crypto firms in the United States, the CEO of Merkle Science believes that the country will remain a crypto hub in the medium term. Mriganka Pattnaik cites the US's high level of innovation, deep talent pool, and clarity around taxation as reasons for crypto firms to maintain their operations in the country.

While regions like India, China, and the United Arab Emirates have strong consumer markets, Pattnaik believes that the US will still have the majority of crypto activity in five years. However, some crypto executives, such as Binance Dubai's general manager, argue that clear and consistent regulation is necessary for big businesses to plan and budget effectively.