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CZ Praises White House Crypto Regulatory Framework

Despite a disappointing response from some in the crypto business, Binance CEO Changpeng Zhao (CZ) complimented the Biden administration’s digital asset reports.

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CZ said in a Twitter threat:

The reports, which were published on Friday, were an important step forward in the US government’s efforts to develop a framework for its cryptocurrency policy. It featured Treasury Department suggestions to improve regulation, increased money for research on central bank digital currency (CBDC), and initiatives to prevent the use of digital assets by unscrupulous actors.

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Zhao praised the emphasis on consumer protection, fraud, and financial crime, noting that Binance welcomes the chance to collaborate with regulators.

During Binance Blockchain Week in Paris last week, the CEO hailed the European Union’s Markets in Crypto Assets (MiCA) legislation, declaring it to be a “global regulatory standard.”

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.