1e1ab33928f26e2092c1e35f0028f1ba Don't Let the Crypto World Take Over!

Don’t Let the Crypto World Take Over!

-A group of technology experts is trying to warn the government of the dangers of the crypto industry and has written a letter addressed to U.S. policy makers urging them to block efforts to create a regulatory safe haven for cryptocurrency.
-The letter calls on lawmakers to resist lobbying efforts by advocates of the crypto industry who dont want the government to regulate cryptocurrency.
-Lobbying for crypto has in fact bolstered up in the past couple of years, with spending on crypto lobbying to influence cryptocurrency policy in Washington quadrupling since 2018, according to an analysis by Public Citizen.
-As a result, some are worried that the industry will get to enjoy unwarranted freedoms as far as regulation goes.
-The letter expresses concern following the crash of stablecoin TerraUSD and calls on support from both parties.

 

 

1e1ab33928f26e2092c1e35f0028f1ba Don't Let the Crypto World Take Over!
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