Biden Administration Urges Speed Up of Crypto Regulation as Recession Fears Rise

US President Joe Biden’s administration urged Congress to pass laws that will clarify how cryptoassets should be regulated amid increasing fears of a global recession.
The group of financial regulators comprising the US Financial Stability Oversight Council issued a report on Monday, calling on politicians to reach an agreement on crypto-related matters, including the way in which it is sold on the spot market….
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