• The White House has released a crypto roadmap in order to prevent the risks associated with the asset.
• The roadmap includes two processes: the first part is an all-inclusive framework for the crypto industry’s development, while the second part is increased enforcement by issuing new guidelines.
• Government agencies will also be developing public awareness programs to educate consumers on the risks associated with cryptocurrencies.
The White House has taken a major step forward in protecting the public from the risks associated with cryptocurrency assets by releasing a comprehensive roadmap. The document has been presented to U.S. President Joe Biden and consists of two major processes for the effective legislative regulation of crypto assets.
The first part of the roadmap is the administration’s “first-ever” all-inclusive framework for the crypto industry’s development, which was released towards the end of last year. This framework was based on reports that were put in order by the President’s executive order on Ensuring Responsible Development of digital assets, which was issued in March 2022. The framework provides a comprehensive set of measures that should be taken in order to ensure the safety and security of all stakeholders in the cryptocurrency space.
The second part of the roadmap is an increase in enforcement by issuing new guidelines. Government agencies, such as the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), are developing and issuing new regulations that are tailored to the crypto space. These regulations will be designed to protect investors and consumers, while at the same time promoting the development of the crypto industry. In addition to this, agencies are also developing public awareness programs in order to educate consumers and investors on the risks associated with cryptocurrencies.
The White House crypto roadmap is an important step in the right direction, as it provides a comprehensive framework for the safe and secure development of the cryptocurrency industry. The roadmap provides a clear and concise path for the legislative regulation of crypto assets, while ensuring that investors and consumers are protected. In addition, the increased enforcement and public awareness programs will help to ensure that the crypto space remains secure and reliable for all involved.