President Biden gives crypto a bitter taste of what lies ahead – TheStreet | Jewelry Dukan

The crypto industry had asked for the menu. But based on the starter, not sure if the main course will like it.

The White House has just released its first-ever comprehensive regulatory framework for the fledgling financial services industry, which is characterized by the elimination of middlemen and the control of centralized entities.

The guidelines come after an implementing regulation was published in March. The order listed six priorities the White House wanted federal agencies to consider:

  1. consumer and investor protection
  2. promoting financial stability
  3. Fight against illegal financing
  4. US leadership in the global financial system and economic competitiveness
  5. financial inclusion and
  6. responsible innovation.

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