The WhiteHouse is keeping an eye on FTX_Official’s collapse, which PressSec Karine Jean-Pierre said 'underscores' concerns that crypto, if not properly regulated, could risk “harming everyday Americans.” cheyenneligon reports
White House Press Secretary Karine Jean-Pierre told reporters during a press briefing on Thursday that the Biden administration is “aware of the recent developments on [FTX] and will continue to monitor the situation.”pushing government agencies to work on a whole-of-government approach to regulating the crypto industry.
“The administration has consistently maintained that, without proper oversight of cryptocurrencies, they risk harming everyday Americans,” Jean-Pierre said. “This is something that clearly we monitor and that we see as an important issue. The most recent news further underscores these concerns and highlights why prudent regulation of cryptocurrencies is indeed needed,” she added.
Prior to this week’s stunning collapse, FTX CEO Sam Bankman-Fried was one of the most active voices representing the growing crypto industry on Capitol Hill, where he frequently met with congressional lawmakers to urge them to consider his vision for the regulation of crypto.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US furious as basketball star Griner moved to Russia penal colonyWhite House Press Secretary Karine Jean-Pierre reiterates that the United States has put forward a 'substantial offer' to Russia to resolve her case.
Read more »
Trump Warns DeSantis Against Challenging Him in 2024 White House RaceDonald Trump told reporters he would reveal information about Ron DeSantis that 'won’t be very flattering' should DeSantis run for President in 2024. See potential bias and similarities in coverage from foxheadlines, thehill, and nytimes:
Read more »
Update: Newsom wins 2nd term as governor; Is White House run next?Democrat Gavin Newsom easily won a second term as California's governor on Tuesday, beating a little-known Republican state senator by mostly ignoring him.
Read more »