The White House on Friday published the framework for cryptocurrencies, outlining how crypto regulations in the U.S. will be handled.
Last year, President Joe Biden directed the government to study cryptocurrency to ensure responsible digital asset development.
Sections of the framework include "Protecting Consumers, Investors, and Businesses," "Promoting Access to Safe, Affordable Financial Services," "Fostering Financial Stability," "Advancing Responsible Innovation," "Reinforcing Our Global Financial Leadership and Competitiveness," "Fighting Illicit Finance," and "Exploring a U.S. Central Bank Digital Currency (CBDC)."
Crypto firms across the U.S. eagerly await clarity about the new crypto policy. However, there are a lot of things that are still unclear to the community.
Binance CEO Chanpeng Zhao said he was glad to see this latest step by the Biden administration.
It’s great to see the US moving towards a proposed crypto framework. Getting it right will help protect consumers, markets and spark responsible innovation. (1/9)— CZ