White House Releases 'First-Ever' Framework for Digital Asset Development — Crypto Industry Leader Says Recommendations Are Unclear
Explaining the Biden administration’s decision to release the framework, the White House said while digital currencies may have the potential to “reinforce the U.S. leadership in the global financial system,” they still pose risks to investors and consumers as evidenced by the crypto market’s crash in May.
“The reports call on agencies to promote innovation by kickstarting private-sector research and development and helping cutting-edge U.S. firms find footholds in global markets. At the same time, they call for measures to mitigate the downside risks, like increased enforcement of existing laws and the creation of commonsense efficiency standards for cryptocurrency mining,” the White House’s fact sheet reads.
This is surprising given the clear instructions from the EO and work from Members of Congress to move things forward. Regulation by enforcement is not regulatory clarity. If we regulate by enforcement, it also gives other countries a runway to figure out how the tech works for their interests, which may be contrary to those of the U.S.
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What's the new ?
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Whatever country holds the most Bitcoin as it passes $500K will be leading coming around the last turn at the horse races.
Contrary to the fact that they prohibit trading goods such as a car or sneakers with any country, there are none, and they always remain as manufacturers of dollars for public administrations of underdeveloped countries that can never return them.
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Is there something about USDT?
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They better.. Digital Assets are the FUTURE of Money
Don’t buy on coinbase they can and will block your account to steal your money
The Real Satoshi Nakamoto which obviously a made up name back then ,The real maker of Bitcoin ,named by an event back in the 1980s which is on the quiet 🤫 was made to help pay of a mortgage. Staff was organised including a lawyer team etc,owner of 1fee also,it's time.....hi
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