The Biden administration called on Congress to cover gaps in the regulation of cryptocurrencies, renewing a push for tougher oversight following the collapse of crypto exchange FTX
WASHINGTON—The Biden administration called on Congress to cover gaps in the regulation of cryptocurrencies, renewing a push for tougher oversight following theThe Financial Stability Oversight Council, chaired by Treasury
Secretary Janet Yellen, said Congress should take steps to ensure the crypto industry is subject to a framework to ensure orderly and transparent trading, investor protections and other rules imposed on traditional financial firms.
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