According to the US Treasury, certain aspects of the US crypto framework suit the global crypto market.
The US wants to influence global regulation of digital assets.
On Thursday, the US Treasury issued a press release explaining why there should be equal regulation for the crypto industry globally. After an executive order by the US President in March 2022, the US Treasury released a document titled “framework for international engagement on cryptocurrencies.”
The executive order aimed to optimize the numerous opportunities in digital assets without too much exposure to its risks. The executive order stressed the essence of partnering with other regulators to lessen these possible risks. According to this framework, protecting businesses, consumers, and investors against exposure to crypto-asset risks is paramount.
However, it is also important that the crypto ecosystem is safe and stands on a solid footing. Hence, the framework suggested researching and issuing national digital...
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