But the question that comes to mind is, after the end of Trump’s term and the arrival of a new administration, will the SEC’s 2026–2030 strategic plan remain the same or could it be canceled with the arrival of an administration that is not friendly towards crypto?
A new president can easily repeal the decrees of the previous US president, but repealing the Clarity Act in the future requires an even more complex procedure than the one used to pass it.
In practice, such procedures in the US take years, and if Republicans disagree, they can drag the process out for ages. From this point of view, I like American legislation.
A very good reason to like American legislation and legislatures but at a time, they understand that it is America first. The government of some African countries doesn't behave so even if they model the type of government America practices. In their own case, a legislature from the opposition party could blatantly oppose a good proposal/bill that will better the society because the proposal came from the opposition party.
In the same way a senate president is ever willing to pass to bill every trash that the executive president has sponsored through his allies.
While US is deliberating her future and positioning it for digital greatness, some countries are just sleeping.
I can say the same about many Asian countries. In any legal process, a white person will have fewer rights if they don't have the support of their Asian counterparts.
In some African countries, revolutions occur several times a year. These aren't the best examples for comparison, but my point is that other places aren't any better.
