Washington: Current turmoil within the cryptocurrency market underscores the “pressing want” for regulatory frameworks that cut back the dangers posed by digital belongings, a US Treasury official stated on Thursday, as buyers pulled belongings out of the sector.
“Treasury is monitoring exercise within the crypto market. We consider the current turmoil solely underscores the pressing want for regulatory frameworks that mitigate the dangers that digital belongings pose,” the official advised Reuters.
“We proceed to work carefully with our regulatory companions, as they take motion below their present authorities, and provide steering and experience as Congress considers laws to additional handle these dangers.”
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