Alex Miller
@alexlmiller
I just finished testifying in Washington DC, alongside @HaunVentures and @Coinbase on how Congress can deliver for clear, modern rules for crypto so this industry and businesses like us can focus on delivering value to builders, consumers and investors alike.
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Alex Miller
@alexlmiller
If you’re based in the US, regulatory frameworks will either make or break your ability to launch a startup in this industry. Take it from us, we learned this first hand. If you’re not based in the US and you find yourself in a more crypto friendly environment, congrats! You have a huge competitive advantage, use it wisely.
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Alex Miller
@alexlmiller
Regardless of where you’re based, we believe for crypto and Bitcoin to fully flourish, you’ll eventually need solid legal frameworks in the world’s most powerful markets - for now at least, that’s Amurica baby. 🇺🇸
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Alex Miller
@alexlmiller
Hiro is proudly U.S.-based. We launched the first (and only surviving) SEC-qualified token offering under Regulation A. Why? Because we believe in doing things the right way — legally, transparently, accessibly.
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Alex Miller
@alexlmiller
That choice came with a price. 💰 Over $15M spent on legal and compliance, that’s more than we raised in the Reg A. Endless hours. Clunky structures. Less resources that we can dedicate to empowering devs.
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Alex Miller
@alexlmiller
We’ve seen many projects go overseas in order to skip the red tape and avoid the bureaucracy simply because they cannot afford the legal fees to launch their business compliantly in the US. The result? US projects like ours are disadvantaged for doing the right thing.
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