US Treasury Secretary: "The Biden administration is stifling the virtual asset industry through excessive regulation"
JH Kim
Summary
- US Treasury Secretary Scott Bessent reportedly strongly criticized the Biden administration's virtual asset policy.
- He stated that the Biden administration's excessive regulation has driven the virtual asset industry to the brink of collapse.
- He conveyed that President Trump has the goal of making the US a center for virtual asset innovation.
According to the economic news account Walter Bloomberg on the 2nd (local time), Scott Bessent, the US Treasury Secretary, strongly criticized the Biden administration's virtual asset (cryptocurrency) policy.
He pointed out, "President Trump has a clear goal of making the United States a hub for virtual asset innovation," adding, "On the other hand, the Biden administration has virtually driven the virtual asset industry to the brink of collapse due to excessive regulation."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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