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White House analyzes "gaps" in the rules on cryptocurrencies

The Biden government, lawmakers and central bank bankers are facing new challenges presented by cryptocurrency, speaking at several meetings amid the recent volatility of these digital assets. White House officials were briefed by career Treasury Department officials about the risks posed by cryptocurrencies earlier this month, said two people familiar with the matter. The issue was also raised in conversations with federal regulators involving the Office of the Comptroller of the Currency and the Department of Financial Consumer Protection (CFPB), although these discussions did not involve senior-level officials such as the secretary of the Treasury, Janet Yellen. Government officials are studying possible "gaps" related to the crypto market, such as whether it could be used to finance illicit activities or terrorists, these people said. It was also discussed whether retail investors who buy cryptocurrencies need some protections. For now, federal regulators do not see the violent swings in cryptocurrency markets as a threat to the broader stability of financial markets, though they believe the risks are worth monitoring, the people said. Government officials are debating whether it is possible to impose some protections on cryptocurrencies and, at the same time, allow investors to do "whatever they want with dogecoin", as one person informed on the matter said, referring to the negotiations of a popular cryptocurrency based on a dog meme. Based on the text by: The Washington Post /Jeff Stein Mark 2 friends in the comments! #meijicoin #meijiblack #meijicash #meijigold #meijidiamont #meiji #meijishirine #WavesExchange #bitcoin #trader #JPMorgan #Fintech #Defi #Google #Libracoin #king #Dogecoin #Binance #Coinbase #Okex #Kraken #ElonMusk #Tesla #Spacex #Amazon #PayPal #EmperorNaruhit #Invest #DEX #SEGA


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