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.

Building Stacks as CEO @ Hiro. Building random stuff around my house in MT.

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.

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.

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.

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.

Crypto needs clear, tailored rules.

Right now, regulatory ambiguity benefits bad actors and punishes ethical builders.

It doesn’t have to be that way.

Our mission is to empower devs to build on Bitcoin and Stacks. We need fit-for-purpose rules that give builders clarity and investors confidence, so we can focus on what we do best, providing robust, best-in-class data and infra, dev tools and banger twitter threads.

Until next time - keep building and telling our stories!

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. 🇺🇸