Solana co-founder calls for open dialogue with policymakers about Web3 and its potential and shortcomings

ChainCatcher news, Solana co-founder Anatoly Yakovenko published an article in Fortune magazine, suggesting that the U.S. should take measures to retain blockchain developers. In addition to the U.S. Congress needing to establish a clear regulatory framework, the government should also invest in blockchain research and development, and personally try out the technology, calling for an open dialogue with policymakers about Web3 and its potential and pitfalls.

Yakovenko stated: "Blockchain developers are faced with the choice of staying in the U.S. or pursuing their dreams, and more and more founders are choosing to leave. According to Electric Capital data, in 2018, the U.S. had 42% of the world's open-source blockchain developers. By 2022, that number had dropped to 29%. Like any new technology, the digital asset space has its scams, and we should do everything possible to eliminate these scams. However, a well-functioning economy should not punish the entire industry for the actions of the worst actors."