U.S. Diplomat Warns of Losing Smart Tech Allies in Web3 Era.

The US government's indifference and hostility towards open network blockchain technology is squandering the potential for Americans to benefit from it, while China is working to capture huge swathes of economic activity within its closed, authoritarian but fast-growing internet infrastructure. The US risks losing influence over the next era of the internet by ignoring it. The best defense against digital authoritarianism is a good offense, namely, the open-source blockchain protocols of Web3. It's time for the United States to unblock blockchains.