It's time for a short review of one of today's most important news from the crypto-world! 🔝
👉 CEO Circle: Regulations are needed to keep companies in the country
The CEO of the company dealing with trade and investment in crypto, Circle, believes that the United States will create appropriate regulations as more and more companies move abroad.
In an interview with Bloomberg, Jeremy Allaire pointed to current trends for cryptographic market participants to move abroad as a motivating factor for future regulatory policy in Washington DC.
Allaire's comments follow his testimony at Tuesday's cryptographic policy hearing and Blockchain, the latest in a series of sessions held by US legislators on the growing industry.
"The increase in the number of digital content projects outside the United States, the movement of companies to leave the United States and projects wishing to start operations outside the United States definitely attracts people's attention. I think that this will ultimately lead to legislative initiatives aimed at trying to provide adequate safeguards and protect investors, but also to the clarity that is very much needed to allow technology and industry to develop."
Recent hearings have triggered a wide range of responses from legislators, from Bitcoin's recognition to his claim that he is financing global terrorism.
Thanks for covering all the news
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Doing my best! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit