The White House Is Concerned About Crypto + All the Web3 news you missed this week
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The White House published a statement warning about the risks of cryptocurrencies, pointing to last year’s various collapses. It was part of Team Biden’s ongoing efforts to close regulatory gaps within the crypto ecosystem. We're hopeful that Congress will take strong action addressing needs in this space, but we're continuing to push forward on the administrative front, implementing a lot of the [executive order] recommendations as well as encouraging regulators … to continue their efforts to ramp up enforcement and crack down on bad practices in the space,” the official said, calling the approach “dual tracked.
The White House Is Concerned About Crypto + All the Web3 news you missed this week
The White House Is Concerned About Crypto …
The White House Is Concerned About Crypto + All the Web3 news you missed this week
The White House published a statement warning about the risks of cryptocurrencies, pointing to last year’s various collapses. It was part of Team Biden’s ongoing efforts to close regulatory gaps within the crypto ecosystem. We're hopeful that Congress will take strong action addressing needs in this space, but we're continuing to push forward on the administrative front, implementing a lot of the [executive order] recommendations as well as encouraging regulators … to continue their efforts to ramp up enforcement and crack down on bad practices in the space,” the official said, calling the approach “dual tracked.