White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks
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The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation should not greenlight mainstream institutions “to dive headlong into cryptocurrency markets.” ‘The Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks’ The White House published a blog post titled “The Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks” Friday under the National Economic Council (NEC), an Executive Office of the President (EOP) established to advise the president on U.S. and global economic policy. The roadmap is
The White House has unveiled a roadmap to reduce risks associated with the wider cryptocurrency industry. The Biden Administration has posted an official blog detailing its roadmap to mitigate the risks of cryptocurrencies. The roadmap starts by citing the 2022 implosion of LUNA/Terra and the subsequent catastrophic contagion within the…