Chia Network's confidential IPO filing last week came at an odd time for the crypto company with Washington cracking down on the industry, leading to multiple aborted listings, Lucinda writes.
Why it matters: Many major crypto companies say U.S. regulators have turned hostile toward crypto, and some of those companies say they may even consider exiting the country. A source familiar with the company's strategy thinks Chia can still make the nation's framework work for it.
