US President Joe Biden's executive order on digital assets has launched an inter-agency mission to support financial innovation while protecting American consumers and interests. While many industry leaders have welcomed the constructive tone, some critics are hoping for a crackdown. We don't blame them.
Many cryptocurrency projects operate behind a thin screen of decentralization. Among the masses, they are sold on the basis of power distribution. Behind the scenes, leaders are pulling strings. In the recent case of Wonderland, a serial scammer and criminal managed $ 1 billion in treasury.