(Boursier.com) — Cryptocurrencies, weighed down by the Fed’s monetary tightening and the prospect of increased regulation across the Atlantic, are still correcting. Bitcoin is down 2% over 24 hours and back to around $19,700, while Ether is down more than 8% at $1,453. Over a week, the two main cryptocurrencies lost 6% and 15% respectively! US government agencies must step up efforts to strengthen regulation in the digital asset sector and identify regulatory loopholes, the White House has insisted. The US Treasury Department for its part will lead a group of government agencies that will study the potential of a digital currency issued by the central bank, although nothing is certain from this point of view…
The US government action follows an executive order signed this year by US President Joe Biden on ensuring responsible development of digital assets, Reuters said. Regulators such as the Securities & Exchange Commission and the Commodity Futures Trading Commission (CFTC) are further encouraged to issue guidelines and rules regarding the risks associated with the ‘crypto’ ecosystem, including its use for money laundering or fraud. . The White House has clarified that President Joe Biden may ask Congress to amend the Bank Secrecy Act to apply to digital asset service providers, including cryptocurrency and non-fungible token (NFT) platforms. ). The United States Department of Justice has indicated that it will create a digital assets coordination group overseeing 150 federal prosecutors to prosecute crimes related to cryptocurrencies…
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