Heena Kousar
New member
The Former CEO of FTX, Sam Bankman-Fried has been under fire from lawmakers and authorities on both sides of the angle because the company teeters on the verge of collapse. To avoid a repeat of the FTX tragedy and to protect investors and other businesses, US president Joe Biden has discussed his views on the crypto space.
As per Coinpedia, because of the FTX failure, president Joe Biden's White House and the leaders of two notably Democratic committees were obliged to publicly criticize FTX and call for raised industry oversight and security. As per the platform, President Biden has argued for more regulations on crypto in light of the loss.
The development of a comprehensive worldwide framework of the financial stability board for the regulation of online currency operations based on the tenet of same risk, same activity, and same regulation has been praised by the leaders of the G20 countries.
For the sake of minimizing any potential risks to investors, they have also announced that they want to ensure that the crypto environment, which comprise stablecoins, is subject to strict regulation, monitoring as well as control.
As per Coinpedia, because of the FTX failure, president Joe Biden's White House and the leaders of two notably Democratic committees were obliged to publicly criticize FTX and call for raised industry oversight and security. As per the platform, President Biden has argued for more regulations on crypto in light of the loss.
The development of a comprehensive worldwide framework of the financial stability board for the regulation of online currency operations based on the tenet of same risk, same activity, and same regulation has been praised by the leaders of the G20 countries.
For the sake of minimizing any potential risks to investors, they have also announced that they want to ensure that the crypto environment, which comprise stablecoins, is subject to strict regulation, monitoring as well as control.
