Jinse Finance reported that Sergej Kunz, co-founder of 1inch Network, believes that the SEC’s enforcement actions against two centralized exchanges may have a negative impact on the growth of Web3 in the United States. I share Brian Armstrong's opinion that the SEC is killing innovation in the US and all the companies there are thinking about moving to another country. Europe’s adoption of the Marketplace in Crypto Assets (MiCA) legislation to create solid regulatory standards for the cryptocurrency ecosystem stands in stark contrast to the lack of such standards across the Atlantic, where Web3 companies and supporters continue to call for greater regulatory clarity.