White House Reveals Plan to Combat Risks in Crypto Sector
The U.S. government has asked law enforcement to escalate efforts to keep an eye on the cryptocurrency space. Biden’s administration forwarded a meticulous plan to address the eminent crypto currency risks, a blog reported last week. This will call on authorities and Congress to summon enforcement appropriately to boost their efforts in managing the industry. The official blog mentioned last year’s major pitfalls within cryptocurrency; the collapse of an algorithmic stablecoin, which created a tsunami wave of insolvencies; and the infamous fall of a cryptocurrency giant, the renowned FTX, which caused users and investors untold investment losses in billions. In…
