Quote from: Zlantann on Today at 01:18:38 AM

Quote from: Mark301 on July 08, 2022, 12:00:17 PM

The US Treasury Department sent President Biden a regulatory framework for interagency engagement with foreign counterparts when dealing with digital assets on Thursday.

The Treasury Department created the fact sheet in response to President Biden's Executive Order on "Ensuring Responsible Development of Digital Assets" issued on March 9, 2022.

Source/Continue Reading: https://mycryptoparadise.com/us-treasury-develop-framework-for-crypto-international-engagement/

Although the main content of this regulatory framework is targeted at controlling the digital currency market in the US but it is also a good news. At least the government of the United States have now acknowledged that Bitcoin is unstoppable and the best option for them is to embrace it. The government has also pledge to support the sector with the needed financing to promote technology and research. In recent times we have seen government law enforcement agencies assisting in recovering crypto fund either hacked or acquire illegal, which is an indication that government might have a part to play in protecting consumers and investors in the crypto space.

I wouldn't say that they are embracing because it's more on containing it to make it more manageable to regulate asince crypto spread like a wild fire. I expect the next movement will be pure punishment for all crypto user up to the point that crypto user will leave the crypto voluntarily due to there stricter policy same as what happened to India which the government insane tax to all crypto user.