According to the statements made by a White House official, the Biden administration will increasingly intensify the work it has started to understand the risks of cryptocurrencies.
Peter Harrell, Senior Director of International Economy and Competitiveness at the National Security Council, expects the government’s research into cryptocurrencies to continue in the future.
Speaking at an event on Tuesday, according to the Wall Street Journal, Harrell said that these studies will be done over time. will become more aggressive predicts.
“We expect the work to continue and become quite aggressive to understand and address the various risks we see in the cryptocurrency space, and management is looking forward to the yet at the beginning located.”
According to the news that the WSJ reported earlier this month, citing names who are knowledgeable on the subject, the Biden administration is considering stablecoin issuers. similar to that applied to banks plans to regulate.
The Financial Markets Working Group, which is affiliated with the US President and represents the Department of the Treasury, the Federal Reserve, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, discussed stablecoin regulations at its meeting in July, identified the relevant risks and evaluated how these risks could be eliminated. .
National Security Council official Harrell said that as the risks of the cryptocurrency industry are “There may also be potential benefits” is thinking.
Harrell’s comments “I think the government is advancing its work from several different areas to be able to create a smart and effective regulation system for cryptocurrencies.” added your comment.