• News
    • Bitcoin
    • Altcoins
  • Blockchain
  • NFT
  • Metaverse
  • Regulation
  • Learn
  • Market Cap
What's Hot

Charting Bitcoin and Ethereum’s path in the new bull market 

2023-10-02

Analysts Reveal Forecasts For October As BTC Price Pushes Past $28,000

2023-10-02

Bitcoin jumps above $28k for the first time since August 2023

2023-10-02
Facebook Twitter Instagram
Top Coin Spot
  • News
    • Bitcoin
    • Altcoins
  • Blockchain

    peaq & Fetch.ai Unveil Multi-Chain IDs for Vehicles & Devices on Polkadot-Cosmos Ecosystems

    2023-06-13

    Taiwan Mobile Considers Partnerships with Local Cryptocurrency Platforms

    2023-06-13

    Biconomy Collaborates with SPACE ID to Support Withdrawals to Domain Names .arb and .bnb

    2023-06-13

    BNB Chain Deploys BEP-126 Update to Enhance Security and Reliability

    2023-06-13

    PawChain Sets to Revolutionize Blockchain Utilities

    2023-06-12
  • NFT

    Animoca Brands to Create Web3 Digital ID System

    2023-09-12

    Generative AI Could Make Government Mechanism Less Annoying

    2023-09-12

    Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split

    2023-09-11

    Exploring Communion In Collaboration with AI

    2023-09-09

    Christie’s Honors Keith Haring at The Gateway: Korea

    2023-09-09
  • Metaverse

    Mark Zuckerberg’s Vision for Remote Work: Meta’s Headsets and the Future of Work

    2023-10-01

    Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

    2023-09-29

    Valentino Rossi Steps into The Sandbox with ValeVerse

    2023-09-27

    Opportunities for Artists and Creators at Decentraland Music Festival 2023

    2023-09-26

    Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

    2023-09-25
  • Regulation
  • Learn

    What Is Toncoin (TON)? Everything You Need To Know

    2023-09-28

    Who Is Satoshi Nakamoto? Mysterious Bitcoin Founder

    2023-09-25

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18
  • Market Cap
Top Coin Spot
Home»Regulation»White House: Recent Crypto Crash ‘Further Underscores’ Need for Prudent Regulation of Digital Asset Space
White House: Recent Crypto Crash ‘Further Underscores’ Need for Prudent Regulation of Digital Asset Space
Regulation

White House: Recent Crypto Crash ‘Further Underscores’ Need for Prudent Regulation of Digital Asset Space

2022-11-11No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The White Home is weighing in on the latest crypto meltdown with pro-regulatory feedback in a latest press briefing.

On Thursday, White Home press secretary Karine Jean-Pierre responded to questions on US President Joe Biden’s administration’s strategy to the crypto sector amid FTX’s high-profile collapse this week.

“I’m not capable of touch upon what particular actions impartial regulators ought to or mustn’t tackle this specific situation, however what I can say is, the administration is conscious of the latest developments on this and we’ll simply proceed to observe the state of affairs…

The administration has… persistently maintained that with out correct oversight, cryptocurrencies threat harming on a regular basis Individuals, so that is one thing that clearly we monitor and that we see as an necessary situation. However the latest information additional underscores these issues and highlights why prudent regulation of cryptocurrencies is certainly wanted. The White Home together with the related companies will, once more, intently monitor the state of affairs because it develops.”

Gary Gensler, chair of the Securities and Alternate Fee (SEC), advised CNBC on Thursday that the crypto trade is essentially non-compliant with current laws.

“This can be a very interconnected world in crypto with a couple of concentrated gamers within the center and a kind of concentrated gamers would have the poisonous mixtures of lack of disclosure, buyer cash, a whole lot of leverage, which means borrowing, after which making an attempt to speculate with that. After which when markets turned on him, it seems that a whole lot of prospects misplaced cash and that’s the place our mission is, it’s about these prospects.”

Bloomberg Information beforehand reported the SEC had begun “months in the past” investigating FTX’s US arm, FTX US.

See also  IRS prepares for an increase in crypto cases in the upcoming tax season

I

Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Verify Worth Motion

Comply with us on Twitter, Fb and Telegram

Surf The Day by day Hodl Combine

Featured Picture: Shutterstock/tanatpon13p/Nikelser Kate



Source link

Asset Crash Crypto Digital House prudent regulation Space Underscores White
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Kenyan authorities claim Worldcoin’s activities amount to ‘espionage’

2023-10-01

Crypto Analyst Tips Bitcoin (BTC) To Reach $40,000 In Q4 2023

2023-10-01

Shark Tank’s Kevin O’Leary Says New Regulatory-Compliant Crypto Exchange Set To Replace Binance and FTX

2023-10-01

Coinbase CEO Brian Armstrong Says the US Needs Crypto Regulatory Clarity To Maintain the Dollar-Based Soft Power

2023-09-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Fantom [FTM] expected to bounce, but overall bias remains bearish

2023-02-22

Paxos is engaged in ‘constructive discussions’ with SEC: Report

2023-02-22

Why Jackson Pollock’s Historic Paint-Splattered Floor Is Being Immortalized as NFTs

2023-07-19

Subscribe to Updates

Get the latest news and Update from Top Coin Sports about Crypto, Metaverse, NFT and more.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Charting Bitcoin and Ethereum’s path in the new bull market 

2023-10-02

Analysts Reveal Forecasts For October As BTC Price Pushes Past $28,000

2023-10-02

Bitcoin jumps above $28k for the first time since August 2023

2023-10-02
Get Informed

Subscribe to Updates

Get the latest news and Update from Top Coin Sports about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Topcoinspots.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,021.003.40%
  • ethereumEthereum(ETH)$1,686.180.57%
  • USDEXUSDEX(USDEX)$1.080.18%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$216.131.07%
  • rippleXRP(XRP)$0.521.04%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$1,686.040.51%
  • solanaSolana(SOL)$23.724.26%
  • cardanoCardano(ADA)$0.2637281.62%