The White House has released its first framework on what crypto regulation in the U.S. should look like under the Biden administration. This framework suggests ways that would make borderless digital transactions simpler and easier to track. It also provides methods of reducing fraudulent activity associated with digital assets.
White House releases its first ever crypto regulation framework
The new White House orders rely on the strength of existing watchdogs like the Securities and Exchange Commission and Commodity Futures Trading Commission. However, no specific organ is running the show as of now.
In addition, the long-awaited policy has caught the attention of both the crypto industry and investors in this early asset class. The industry didn’t take kindly to the document, as it is all too evident that policymakers prioritize security and enforcement over everything else.
Biden’s White house executive order for crypto regulation framework:
License.
