The White House published a statement warning about the risks of cryptocurrencies, pointing to last year’s various collapses. nikhileshde spoke to an administration official about the statement and what it means in this week's State of Crypto newsletter.
The statement opened with a brief summary of “a tough year” for crypto, referencing the collapse of Luna and FTX but noting there did not appear to be any contagion from the crypto industry to the broader financial 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 crackdown on bad practices in the space,” the official said, calling the approach “dual tracked.
Last week’s statement pointed to the White House’s previous announcements, like the framework on digital assets, and statements published by departments within the federal government – including a joint statement from bank regulators, also published last week.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
UK Crypto Industry Celebrates Government’s Planned Exemptions for Crypto Ad ApprovalsCrypto advocates said the U.K. government listened and addressed its woes regarding the country's plans for promotions, which could have meant that advertising in the country would have been near impossible. camomileshumba reports
Leer más »
Despite a bear market, crypto’s future is still bright: Crypto in 2023
Leer más »
The Ultimate Guide to Crypto Regulation in the US and Pro-Crypto Politicians in 2023 | CoinMarketCapSo far, the jury is still out on whether crypto regulation in the U.S. will be sensible 🇺🇸 There is a lot of interest and demand for it, so 2023 should be the biggest year for crypto regulation yet. 👀
Leer más »
Crypto Markets Analysis: Bitcoin and Ether’s Divergent 2023 Paths May Present Opportunity for Crypto InvestorsEther’s declining correlation to bitcoin in net position may provide opportunity for investors. A return to correlation norms would suggest a price mover higher. GWilliamsJr_CMT writes
Leer más »
White House previews Biden's State of the Union speechThe White House on Thursday gave a short preview of President Joe Biden's State of the Union speech, saying it will cover his vision for the economy, the legislation passed over the last two years, and his optimism for the country.
Leer más »
Report: Haley to launch 2024 White House bid on Feb. 15After the Jan. 6 Capitol siege, Haley initially cast doubts on Trump’s political future but said she wouldn’t challenge him in 2024.
Leer más »