White House officials Brian Deese, Arati Prabhakar, Cecilia Rouse, and Jake Sullivan have penned a letter calling on Congress to instill stricter crypto trading laws to ensure that something like the FTX debacle never occurs again. A Letter to Those in Charge The letter states: Congress could also make our jobs harder and worsen risks to investors and to the financial system. Legislation should not greenlight mainstream institutions, like pension funds, to dive headlong into cryptocurrency markets. In the past year, traditional financial institutions’ limited exposure to cryptocurrencies has prevented turmoil in cryptocurrencies from infecting the broader financial system. It
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Author: NixCoin