White House Crypto Council Director Says Operating Without Market Rules Is ‘Fantasy’
The White House Crypto Council Director emphasized that operating in the cryptocurrency market without established regulations is unrealistic. He argued that a structured regulatory framework is essential for the industry's growth and stability. The director highlighted the importance of addressing risks associated with digital assets to protect investors and ensure market integrity. He called for collaboration between government agencies and the crypto industry to create effective rules that foster innovation while safeguarding the financial system.
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