President Biden Gives Crypto a Bitter Taste of What Lies Ahead

Published by
The Street

By Luc Olinga The crypto industry has been operating without clear and strict rules. That may be changing. The crypto industry had been asking for the menu. But based on the appetizer, it’s not sure it’s going to like the main course. The White House has just published its first-ever comprehensive framework to regulate the young financial services industry, the hallmark of which is eliminating both middlemen and control of centralized entities. The guidelines come after an executive order was published in March. The order listed six priorities the White House wanted federal agencies to conside…

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