global call for rules cryptocurrencies

Part of the language in the White House announcement focuses on giving the U.S. a competitive edge over other countries when it comes to crypto development. This is especially significant now that China has effectively banned cryptocurrencies. Last month, the United States stepped up government oversight of cryptocurrency while European Union lawmakers agreed on draft rules for cryptoassets. https://powerbtcltd.com/ : I don’t think it’s a question of ‘no regulation’ versus ‘a lot.’ The real question is the extent to which regulators understand that crypto is a different type of product and tech infrastructure from anything they8217;ve regulated before. The worst case would be to just treat it like historical financial products or like historical tech platforms without thinking about the ways in which crypto differs, both in terms of its use cases and in terms of its underlying technology.