US politicians McHenry and McCarthy recently launched an "Innovation Initiative" to make it easier for American entrepreneurs to create fintech ventures, especially those that help fund small businesses. Traditionally, Britain has been a leader in this space. This lead is attributed to their more principle based approach versus the rules based approach in the US. The UK has introduced equity crowdfunding as well as innovative finance generally, and now has a growing industry based on it. http://techcrunch.com/2016/05/13/why-britain-is-beating-the-us-at-financial-innovation/
