The proper regulatory framework from the US will benefit the entire crypto industry, noted CZ.
The Biden administration issued its first-ever paper on cryptocurrencies and how the asset class should be regulated within the nation on Friday.
After issuing a few executive orders on digital assets in the past several months, the Biden administration took it up a notch on Friday when itWhile the SEC and CFTC will continue battling to determine which of the two agencies will get the bigger pie share, the latest report touched upon crypto’s integration with the current financial system, including facilitating borderless transactions.
The paper was met with contrasting opinions by the crypto community, and the latest to speak out was Binance’s CEO – Chanpeng Zhao.