© Reuters. Biden’s Crypto Regulatory Framework Is Good News, Says Binance CEO
The White House on Friday revealed the framework for cryptocurrencies, outlining how crypto rules within the U.S. shall be dealt with.
Last yr, President Joe Biden directed the federal government to check cryptocurrency to make sure accountable digital asset growth.
Sections of the framework embrace “Protecting Consumers, Investors, and Businesses,” “Promoting Access to Safe, Affordable Financial Services,” “Fostering Financial Stability,” “Advancing Responsible Innovation,” “Reinforcing Our Global Financial Leadership and Competitiveness,” “Fighting Illicit Finance,” and “Exploring a U.S. Central Bank Digital Currency (CBDC).”
Crypto companies throughout the U.S. eagerly await readability in regards to the new crypto coverage. However, there are lots of issues which might be nonetheless unclear to the group.
Binance CEO Chanpeng Zhao stated he was glad to see this newest step by the Biden administration.
It’s nice to see the US shifting in direction of a proposed crypto framework. Getting it proper will assist defend shoppers, markets and spark accountable innovation. (1/9)