Crypto Meltdown Underscores ‘Pressing Want’ For Regulation: US Treasury

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market turmoil underscores ‘pressing want’ for regulation: US Treasury

Current turmoil within the market underscores the “pressing want” for regulatory frameworks that cut back the dangers posed by digital belongings, a US Treasury official stated on Thursday, as buyers pulled belongings out of the sector.

“Treasury is monitoring exercise within the crypto market. We imagine the current turmoil solely underscores the pressing want for regulatory frameworks that mitigate the dangers that digital belongings pose,” the official informed Reuters.

“We proceed to work carefully with our regulatory companions, as they take motion beneath their current authorities, and provide steering and experience as Congress considers laws to additional deal with these dangers.” 

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