The White House Wants to Regulate Crypto

Last Friday (09.16.22) the Biden administration presented a framework for regulating cryptocurrencies and other digital assets. This action denotes the first time the executive branch has taken a position focused expressly on Crypto Crime. The White House believes that American financial guard dogs should do more to reduce fraud and abuse in crypto trading as the US creeps ahead with plans for the asset class. The Biden organization approached the Protections and Trade Commission and other regulators to “aggressively pursue investigations and enforcement actions against unlawful practices.” The proposal is part of a new White House report ...