Delivery of the new policy agenda removes an element of regulatory uncertainty and has many in the crypto industry optimistic moving forward
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.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regulators and industry leaders react to Biden‘s executive order on cryptoMany compared the executive order to a regulatory opportunity, given President Biden had rarely if ever spoken directly about crypto and blockchain during his presidency.
Read more »
Biden issues crypto executive order - here’s what it meansBiden issued an executive order on crypto, announcing a plan to regulate cryptocurrencies and support investment in blockchain technology.
Read more »
As crypto surges, Biden signs order on oversightThe action comes as lawmakers and administration officials are increasingly voicing concern that Russia may be using cryptocurrency to avoid the impact of sanctions imposed on its banks, oligarchs …
Read more »
Bitcoin drops below $40,000, almost wiping out gains from Biden's crypto executive orderBitcoin and other cryptocurrencies fell on Thursday as some of the initial excitement around U.S. President Joe Biden's executive order on digital assets faded.
Read more »
Janet Yellen says Biden's crypto executive order supports 'responsible innovation'A now-deleted statement from US Treasury Secretary Janet Yellen lays out how her department will implement the provisions of a long-awaited executive order from Joe Biden's White House.
Read more »
Biden reportedly set to order multi-agency study push on crypto, CBDCsPresident Joe Biden is expected to sign an executive order this week prompting different federal agencies to look into cryptocurrencies and examine how
Read more »