Antonio Juliano, the brains behind the decentralized exchange dYdX, has recommended that crypto creators bypass catering to US customers for the upcoming five to 10 years due to stringent regulations.

In a recent thread on X (previously known as Twitter), Juliano advised crypto enthusiasts to innovate in alternative markets and revisit the US when conditions are favorable.

He commented, “Considering the challenges and compromises, the US isn’t worth the focus currently. The majority of the potential lies outside the US. Pioneers should capitalize on that.”

His advice primarily targets startups, emphasizing that they could grow faster and attain more users in less restrictive foreign markets.

The ambiguity surrounding cryptocurrency regulations in the US has long been a point of contention in the industry.

Reacting to Juliano’s viewpoint, numerous crypto executives chimed in.

Brian Armstrong, the head of Coinbase, believes that the US will be more accommodating to crypto sooner than anticipated. “The situation might see positive changes as early as next year,” he mentioned optimistically.

Concurring with Juliano’s stance, Evgeny Gaevoy, Wintermute’s CEO, remarked that the crypto sphere needs to first succeed overseas before the US warms up to it.

However, Juliano didn’t dismiss the significance of cryptocurrency policies in the US, understanding that influencing these policies is a gradual process and that the global community often mirrors the US’s stance.

Juliano emphasized the necessity for groundbreaking crypto solutions that have massive appeal and demand, stating that only with such influential products can they impact policy-making.

It’s important to highlight that due to regulatory uncertainties in the US, crypto businesses are venturing into other markets like the UK and Brazil, which offer clearer guidelines.

For instance, Coinbase is broadening its reach with operations in several European countries and is contemplating expansions into the UK and Dubai for a more congenial regulatory backdrop.

Similarly, Binance is working towards regulatory approval in the UK, notwithstanding its previous ban by UK authorities.