Karine Jean-Pierre, one of the White House press spokespersons, during her statements to the press today, cryptocurrency addressed the regulations.
Pierre, the government “For US citizens not to be harmed by crypto” reiterating that they attach importance to the regulation studies, FTX He referred to what happened in the stock market. The spokesperson stated that the latest developments in crypto once again demonstrate how necessary regulations are.
Jean-Pierre from reporters “What are the arrangements that need to be made” He refused to answer the question. In the United States government system, the White House cannot issue a directive to independent financial regulators. The spokesperson sufficed with the question by mentioning how dangerous what happened in FTX could be.
Crypto Regulations in the USA
The fact that the US-based FTX exchange is on the verge of bankruptcy may accelerate the crypto regulation efforts in the country. President Joe Biden issued a decree to review digital asset regulations in the first months of 2022.
As a result of the work carried out by the Treasury Department, Secretary Yellen established a council of representatives of financial institutions in the country. The Financial Stability Oversight Council is working on the implementation of all kinds of digital or traditional financial regulations in the country.
Sam Bankman-Fried, the founder of the FTX exchange on the verge of bankruptcy, announced in recent weeks that he supports the regulations.
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