I never quite understood why blockchain vaporware is so prevalent in europe. It is also popular in the US, sure, but it seems more embedded and at higher levels

I never quite understood why blockchain vaporware is so prevalent in europe. It is also popular in the US, sure, but it seems more embedded and at higher levels than in the EU. Is there a reason why? (I'm not necessarily talking about crypto coins specifically, more about blockchain as a technology in general)