The US prioritizes digital assets
The Biden administration will announce its digital asset research and development priorities in the coming months, according to a statement released by senior U.S. officials, including National Economic Council Chairman Brian Deis and National Security Adviser Jack Sullivan.
Officials believe US government agencies should continue efforts to increase enforcement and issue new cryptocurrency policies as needed. These new policies should also include policies that address and limit risks faced by financial institutions related to digital assets. They add that Last year events Underline what still needs to be done. Additionally, officials are demanding that Congress strengthen regulators’ powers to prevent misuse of customer funds.
They were quoted as saying:
Many everyday investors — including young people — who trusted cryptocurrency companies suffered huge losses, but fortunately the turmoil in the crypto markets had little negative impact on the broader financial system.
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