Digital assets can support the growth of the US economy if they are properly developed and regulated. Thus, US Senator Corey Booker reacted to the latest initiatives of President Joe Biden regarding cryptocurrencies.
Cryptocurrency is an exciting innovation with the potential to bring growth to the American economy if properly nurtured and regulated.
As the order notes, the US has taken a position as a leader in this rapidly developing field, and we need to make sure we keep it.
Sen. Cory Booker (@SenBooker) March 10, 2022
On March 9, Biden signed an executive order coordinating federal agencies in regulating cryptocurrencies.
Booker described them as “an exciting innovation”.
“The US has taken the lead in this rapidly growing field, and we must be confident that we will keep it. many americans […] participated in the purchase and exchange of digital assets. The willingness of the administration to rise to this challenge and focus on transformative power is encouraging. Web 3.0»he wrote.
The senator stressed the priority of protecting investors to keep the US competitive.
Recall that the founder of ConsenSys and one of the creators of Ethereum, Joseph Lubin, said that the United States was “late to the party.” So he commented on Biden’s decree regarding cryptocurrencies.
Earlier, the head of the FTX bitcoin exchange, Sam Bankman-Fried, called cryptocurrency assistance to Ukraine a “lifeline” from the world.
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