The Trump administration is taking the first steps toward reducing regulatory barriers for cryptocurrencies. This came after many years of discussions in the crypto community and among regulators about how to properly regulate digital assets.
As a result, a working group on cryptocurrencies has been created, which will work with experts in the fields of finance and technology to ensure that regulation does not become an impediment to innovation. One of the goals is to support the growth of blockchain and digital assets technology in the USA.
At this, Christopher Giancarlo, the representative of the White House on economic policy issues, noted: "We must ensure that regulations do not stifle opportunities in the field of financial technology, as well as for the development of new financial services and products."
In particular, the working group will focus on streamlining the licensing process for financial companies working with cryptocurrencies and discuss issues of safety and consumer protection. They will also highlight significant attention to aspects of the legal use of digital assets in the field of finance.
