Biden’s crypto order lauded as step forward for the industry

However, the relatively light-touch approach of Biden’s directive was met with widespread relief from those in the industry.Kristin Smith, executive director of the Blockchain Association, a Washington DC-based crypto industry group.

The effort to establish clarity on the regulatory framework “will definitely bring more confidence to investors and welcome more Americans into the crypto ecosystem,”Thomas Hook, Bitstamp’s US chief compliance officer. “While crypto markets may continue to be volatile, today’s news shows that recognition from the Biden administration is encouraging to the market.”

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