After six months, the federal government’s review of the crypto world hasn’t yet offered a road map for oversight, though it hinted at a federal regulatory structure and emphasized that a central bank digital currency may have serious support.
The report is the first public response to U.S. President Joe Biden's executive order on crypto, and also called for standards to be set to reduce energy usage.
Bipartisan legislation approved by Congress to help out computer-chip manufacturing will also establish a new digital assets expert to advise the president.
With crypto markets trading down slightly on the day (although they have outperformed traditional markets in July), plus a look at what to know about the Ethereum Merge, CoinDesk’s “Markets Daily” is back with the latest news roundup.
With bitcoin managing to hold $22K while ETH continues to rally, plus a look at why the Federal Reserve needs a little help with inflation, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Recent events that have sent digital assets deeper into a bear market may also instill lawmakers with a new urgency to address issues that have been gnawing at the industry.