According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.
White House says 'prudent regulation of cryptocurrencies' is needed, hinting at situation with FTX
Comment
Recommend Reading
2022-11-11FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for
FTX US resigns from the Crypto Council for Innovation
Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
US lawmaker warns of 'major consequences' for users of unregulated crypto firms, citing FTX
Japan's financial regulator requests FTX Japan halt operations
