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Biden calls for the process of regulation of cryptocurrencies

by Vaibhav
January 29, 2023
in News
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Biden calls for the process of regulation of cryptocurrencies
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Administration of US President Joe Biden called out Congress prior to the activation of zusil schodo regulation of the market of digital assets.

“Our respect is focused on defending the interests of investors, attracted to the viability of evil-doers, but crypto-currencies could not improve financial stability,” the White House was told.

It’s also voiced that 2022’s rotation is broken concept “Safe and sustainable development of digital assets”. The administration accentuated respect for the claims of federal agencies directing them to promote the awareness of investors.

“Congress can also activate its susilla. For example, [законодавцям] next expansion of regulatory authorities to intimidate the non-ciliary majority of client assets […] that clearing of conflicts of interests, ”the application says.

Middle propositions:

  • to improve the visibility and disclosure of information for companies in the crypto-currency industry;
  • force punishment for violating the rules of financial markets;
  • to create greater cooperation with international law enforcement agencies.
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At the White House they voted on the fact that the approval of certain processes by Congress can cause risks for investors and the monetary system, as well as make it easier for the government departments.

“Legislation is not guilty of stimulating basic institutions (like pension funds) to get busy with the cryptocurrency market. […] It would be a serious pardon to accept acts, to change the course and to destroy the links between digital assets and the solution of the financial system, ”the press stated.

In the words of officials, the very exchanges have established access to cryptocurrencies, allowing in 2022 to prevent the expansion of “inflation” of traditional markets.

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Previously, Biliy dim published forecasts, zgіdno z yakim until 2032 US budget takes $11 billion in grants zavdyaki razshirennyu vymog to podtkovoї zvіtnostі about digital assets.

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