U.S. Rushes To Lead International Crypto Regulation Before Getting Its Own House In Order
— Securities, Assets, House, International, Digital, Regulation, Financial, Rushes, Lead, Global — 1 min read
The U.S. Treasury Department released a fact sheet detailing its plans to work with foreign nations on crypto regulation. It is the first major release to come out of President Biden’s Executive Order on digital assets. Much of this will come through cooperation with international bodies such as the G7, G20, and Financial Stability Board. However, it is still trying to get its own house in order within its borders, who regulates crypto-related activities? There are turf battles going on between the agencies, and they are both looking to Congress for guidance. The words “commodity” and “security” do not appear anywhere in the framework. There are more than 100 countries evaluating the use of a CBDC, and the Source