All insurance is in Bermuda. The federal reserve used cayman entities to send stimulus checks. Most not for profit orgs in the USA use Puerto Rican or offshore hedge funds to avoid withholding
Stem Cell Therapy has a fairly obvious use case though. Ten years in, the most popular use cases for crypto appear to be speculation, financial crime and money laundering.
Well, so stem cell research is avoiding US laws because of Puritanism.
Why is crypto avoiding US laws?
Edit: Also, a quick Google of top stem cell research companies show that they are based in the U.S. or Europe, so I’m not sure how correct the claim of US avoidance is. But even if they are avoiding the U.S., they are choosing Europe instead, where “legal flexibility” is still not a thing.
The US doesn’t have crypto legislation AFAIK. Just a hodgepodge of rules from various power brokers. Other jurisdictions do a better job. IANAL, so take with grain of salt.
If an industry needs "more legal flexibility" that just screams scam to me.