Biden Administration To Regulate Bitcoin As A Matter Of National Security: Report



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The Indian Express epaper

   



The White House wants to bring order to the ‘haphazard approach’ that is currently being employed by regulators to Bitcoin and cryptocurrency.

The White House wants to set out a cohesive set of policies to regulate Bitcoin and cryptocurrencies as currently legislation and its enforcement are scattered across sectors and agencies, according to multiple reports.

 order to the haphazard approach that the government is now using to regulate crypto,” the person told Barron’s. Currently, different aspects of the cryptocurrency market are dealt with by different agencies, including the Securities and Exchange Commission and the Commodity Futures Trading Commission, but there’s little coordination and consensus when it comes to the classification of the many different assets in the market.

According to the Bloomberg report, senior officials at the administration had held multiple meetings on the plan, and the directive is expected to be presented to President Joe Biden in the coming weeks.

5 Comments

  1. Unable to download indian express news paper on 06.03.2022. shows link expired. Please rectify.

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  2. 7 march indian express link is not working and also of 5march

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