White House asks Congress to ramp up crypto regulation efforts
The White House posted a roadmap, detailing plans to address potential cryptocurrency-related risks and calling on authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts.” The blog post starts with Terra’s algorithmic stablecoin implosion and FTX collapse – both failures in the crypto sector caused major losses to users.
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Stablecoin Bill Could be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
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