It's nice to see governments who actually see the opportunity in blockchain. Plus them positioning themselves in a renewable energy track is just perfect and makes them capable of supporting the computing requirements. Hopefully other countries step up as well.
There are other countries we are really stepping in up like the Baltic Tigers:
https://paymentweek.com/2018-3-23-secrets-ico-leaders-baltic-states-came-dominate-ico-market/I reckon the SEC in America has to be careful not to scare away the innovators from their country. If they start labeling cryptocoins like ETH and Ripple as illegal and unlicensed securities now, they will go to a place where they are welcome in any case, and America be left behind from all the cryptospace's developments.
I am not a fan of both projects but I reckon they should be given some space to innovate.
It's a bitch moved if the news is true. And there are no recourse from US innovators but to really move out and settle for a crypto friendly countries wherein they can do their work without being harassed by the government from behind, like Switzerland and the 3 Baltic nations who pledges support for blockchain technology.