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

3AC Co-Founder Zhu Su Arrested at Airport, Receives Four Month Jail Sentence for Contempt of Court: Report

2023-09-29

Terra’s Do Kwon and Daniel Shin conspired to falsify transactions, chat logs show

2023-09-29

Are Bitcoin’s long-term prospects brighter than you imagine?

2023-09-29
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

    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

    Upland and KABOOM! Unite to Address Playspace Inequity

    2023-09-22
  • 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 says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX
Regulation

White House says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX

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

The White Home mentioned the administration of United States President Joseph Biden is monitoring the scenario with the latest crypto market crash however deferred to impartial regulators for any potential enforcement actions.

In a Nov. 10 press briefing, White Home Press Secretary Karine Jean-Pierre said Biden was conscious of the continued scenario with the crypto market, hinting at FTX’s liquidity disaster. In accordance with the press secretary, the administration and monetary companies will “intently monitor” developments.

“The administration […] has persistently maintained that with out correct oversight, cryptocurrencies danger harming on a regular basis People,” mentioned Jean-Pierre. “The newest information additional underscores these issues and highlights why prudent regulation of cryptocurrencies is certainly wanted.”

White Home Press Secretary Karine Jean-Pierre answering questions on Nov. 10. Supply: YouTube

The assertion from the chief department was the newest response in a string of reactions from monetary regulators and lawmakers in america. Home Monetary Companies Committee Chair Maxine Waters pushed for extra federal oversight of crypto buying and selling platforms and shopper safety amid FTX going through liquidity points on Nov. 10, and Consultant Tom Emmer accused Securities and Change Fee Chair Gary Gensler of working with FTX CEO Sam Bankman-Fried to determine a “regulatory monopoly.”

Associated: White Home publishes ‘first-ever’ complete framework for crypto

In March, President Biden signed an govt order aimed toward establishing a framework for digital belongings in america. Authorities departments have subsequently launched experiences in accordance with the order, together with the Treasury Division, on the potential alternatives and dangers of digital belongings, recommending analysis into stablecoins and a central financial institution digital foreign money.

See also  South Korea saw over $4B unregistered crypto transactions in 2022

Bankman-Fried reportedly donated greater than $5 million to then-presidential candidate Biden within the 2020 election.

Source link

cryptocurrencies FTX hinting House needed prudent regulation situation White
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

3AC Co-Founder Zhu Su Arrested at Airport, Receives Four Month Jail Sentence for Contempt of Court: Report

2023-09-29

Terra’s Do Kwon and Daniel Shin conspired to falsify transactions, chat logs show

2023-09-29

Global Investment Manager VanEck To Launch Ethereum (ETH) Futures Exchange-Traded Fund

2023-09-29

SEC launches proceedings to determine fate of spot Bitcoin ETFs, invites public comment

2023-09-28
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Bitcoin Struggles To Break $30,000 Resistance Level: Here’s Why

2023-05-07

Suku May Beat Musk to Crypto Twitter Payment Adoption

2023-07-27

Russia’s Sber bank integrates Metamask into its blockchain platform

2022-12-01

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

3AC Co-Founder Zhu Su Arrested at Airport, Receives Four Month Jail Sentence for Contempt of Court: Report

2023-09-29

Terra’s Do Kwon and Daniel Shin conspired to falsify transactions, chat logs show

2023-09-29

Are Bitcoin’s long-term prospects brighter than you imagine?

2023-09-29
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)$26,918.000.02%
  • ethereumEthereum(ETH)$1,671.271.21%
  • USDEXUSDEX(USDEX)$1.080.18%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$214.750.01%
  • rippleXRP(XRP)$0.521.07%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • staked-etherLido Staked Ether(STETH)$1,670.211.04%
  • cardanoCardano(ADA)$0.2504980.01%
  • dogecoinDogecoin(DOGE)$0.0620090.92%