US Treasury Secretary: "US Leadership Needed for Cryptocurrency to Thrive"
JH Kim
Summary
- US Treasury Secretary Scott Besant emphasized that US leadership is essential for cryptocurrency to thrive.
- The US should lead in setting global standards for cryptocurrency regulation and policy.
- Regulatory uncertainty in the US is being pointed out as an obstacle to the growth of the cryptocurrency industry.
According to Watcher Guru, a cryptocurrency-focused media outlet, US Treasury Secretary Scott Besant emphasized on the 8th (local time) that "US leadership is essential for cryptocurrencies to thrive globally."
In his specific remarks, he suggested that the US should lead in setting global standards for cryptocurrency regulation and policy.
Amidst the regulatory uncertainty in the US being pointed out as an obstacle to the growth of the cryptocurrency industry, this statement is interpreted as reaffirming the US's policy role in the global cryptocurrency market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.