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White House Press Secretary: Stricter Regulation of Cryptocurrencies Needed

By Simon LawsonNovember 13, 20221 Min Read
White House Press Secretary: Stricter Regulation of Cryptocurrencies Needed
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The White House and some U.S. lawmakers have called for tighter regulation of cryptocurrencies following the collapse of cryptocurrency exchange FTX.

White House press secretary Karine Jean-Pierre said in a Thursday news conference on the FTX crisis that the administration has always believed that cryptocurrencies, if not properly monitored, have the potential to harm the daily lives of Americans, which is clearly what we all know. Monitoring, we think this is an important issue.

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Pierre added that recent news further underscores these concerns and highlights why prudential regulation of cryptocurrencies is indeed needed. The White House, along with relevant agencies, will again closely monitor developments.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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