(THE PAVLOVIC TODAY) — Crypto billionaire Sam Bankman-Fried has some words of praise for President Biden’s efforts to shape the regulatory future of crypto.
The CEO of crypto exchange FTX told The Pavlovic Today that he finds Biden’s administration regulatory approach to digital assets “constructive.”
Bankman-Fried said that he’s particularly “encouraged” by the President’s focus on customer protection.
“We’re encouraged by the administration’s constructive approach and focus on customer protection,” crypto billionaire Sam Bankman-Fried told The Pavlovic Today.
Newley released digital assets framework follows an executive order issued in March and it outlines how the Biden administration intends to strike the right balance between crypto innovation and regulations “in a way that protects consumers, is consistent with our democratic values, and advances US global competitiveness.”
Perianne Boring, Founder and CEO of the Chamber of Digital Commerce, has welcomed the digital assets framework as “an important step in the process of establishing a policy framework” for the crypto industry.
“As the past six months confirmed, and the White House report supports, digital assets play a significant role for investors and will play an increasingly important role for those seeking access to basic financial services,” Boring told The Pavlovic Today.
BIDEN’S DIGITAL ASSETS FRAMEWORK
The Pavlovic Today reported last week that NEC Director Brian Deese and National Security Advisor Jake Sullivan said that Biden’s directive was to place the “highest urgency” on research and development of a US central bank digital currency (CBDC).
Protecting consumers, investors, and businesses according to the White House is “a top priority for President Biden.”