A co-founder of Solana, Anatoly Yakovenko, has commented on the lack of an evident regulatory framework in the United States for the blockchain industry. As a result, more and more blockchain developers are leaving the US. The numbers reflect this trend, with the US accounting for 42% of global open source blockchain developers in 2018, but dropping to just 29% by 2022. With other countries such as China and India investing in blockchain technology and offering more favorable regulatory environments, the US risks falling behind in the race to develop the next generation of blockchain solutions.