The US market will be occupied by serious companies and not smart-ass businessmen from Asia.
The clampdown on exchanges through strict regulation in the US will clean the market to a large extent but it also have some disadvantage. The US market is the biggest crypto market in the world but some competitors are making flexible policies to attract more crypto investors. Singapore and Hong Kong are offering some of the most clear and flexible regulations that create an enabling environment for crypto firms. We might see more digital asset businesses leaving the US and moving to more friendly countries in the Asia Pacific region. If Coinbase becomes the only major exchange in the US, it will enjoy a monopoly and other businesses will suffer. This will give the US crypto community fewer options which is not a good feature of the free market the US claims it is. Other exchanges should be allowed to operate to make the market more competitive.
