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Crypto coalition calls for ‘clear rules of the road’ from Biden, Harris

Crypto coalition calls for ‘clear rules of the road’ from Biden, Harris

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Source: Coin Telegraph

Some of the CMIC members in support of the letter include Robinhood, BitGo, OKX, Gemini, Chainalysis, Elliptic, TRM, Kaiko and Matrixport.

A crypto coalition has added to calls for the current United States administration to implement a clearer digital asset regulatory framework, arguing it would result in “enormous economic and national security benefits” for the country.

In an Aug. 7 letter to President Joe Biden and Vice President Kamala Harris, the Crypto Market Integrity Coalition — a group of crypto firms — said outlining “clear rules of the road” would better protect US consumers from bad actors, promote the US dollar and secure America’s technological edge.

“Digital assets utilizing open, public blockchains present an important opportunity to further cement American values and norms into the global financial system,” CMIC added.

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Author: Brayden Lindrea