Will it affect crypto prices? 🤔 engineering
, the administration believes cryptocurrencies have"economic implications for national security." Therefore besides the White House National Security Council, the State Department, Treasury Department, National Economic Council, and Council of Economic Advisers are also anticipated to be involved in the regulatory efforts.There is little financial regulation in the world of crypto, and this can raise the question of if cryptocurrency is safe for individual investors.
Usually, financial regulation serves to safeguard investors, prohibit fraudulent activities in the crypto ecosystem, offer clear guidance to allow businesses to develop in the crypto economy, and handle environmental problems associated with crypto mining. However, some fear that regulation could be overly restrictive and stifle innovation, so it should be appropriately balanced.
But how crypto prices will be affected is actually up to the approach of the regulation. In the simplest terms, if the legislation supports the creation of innovation, crypto values may rise. However, if it appears to be restrictive, Bitcoin and other cryptos are very likely to lose value.Last year, Janet Yellen, U.S.
Time will show what kind of an approach the U.S. government will adopt towards cryptocurrencies and how it will affect crypto prices. But one thing is sure, compared to other countries like China, the U.S. is even late in determining its stance.Stay ahead with the latest science, technology and innovation news, for free:
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