Mathisen Marketing

Your Marketing Blog

White House Getting Increasingly Pro-Crypto, Expresses Support For A CBDC ⋆ ZyCrypto

White House Getting Increasingly Pro-Crypto, Expresses Support For A CBDC ⋆ ZyCrypto

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Ad


&nbsp

&nbsp

The US government, like others around the world, has not been very receptive to crypto technology for years. Bitcoin, for example, has faced resistance for years since its inception in 2009. However, things seem to be changing now.

The White House released the regulatory framework

For some time, the crypto industry has been calling on governments to formulate appropriate regulatory frameworks to manage the growing economic space. However, many governments, including the US government, have not been very proactive on this front.

Now it seems that the Biden administration wants to change this. The administration has released the latest regulatory framework to develop digital assets, and it’s huge for an industry that has long faced opposition and indifference from authorities.

The White House may call for a CBDC

This move could pave the way for the Biden administration to begin a push to develop a US Central Bank Digital Currency (CBDC). With this, the United States would join many other countries, such as China, that have created such currencies.

In practice, this would solidify the place of crypto and blockchain technology as a revolutionary innovation in the technology industry and increase the acceptance of the entire crypto system throughout the world. As expected, increased crypto acceptance would lead to increased coin adoption and increased demand, which would in turn drive up crypto prices. This dynamic would be incredibly welcome, especially as markets struggle to stay afloat amid looming economic recession and fiat inflation.

Ad


&nbsp

&nbsp

Source: https://zycrypto.com/white-house-getting-increasingly-pro-crypto-expresses-support-for-a-cbdc/

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • SEC Did 7 Meeting On Ethereum Before Giving Infamous Security Speech

    SEC Did 7 Meeting On Ethereum Before Giving Infamous Security Speech

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase The ruling on Bill Hinman, the then-SEC director’s infamous Ethereum speech, has become a defining factor in the long-running Ripple litigation. However, Fox reporter Eleanor Terrett has published documents from Hinman’s public calendar covering his entire tenure. The documents reveal […]

    Read More

  • SWIFT partners with Chainlink for cross-chain crypto transfer project

    SWIFT partners with Chainlink for cross-chain crypto transfer project

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Interbank communication system SWIFT has partnered with Price Oracle provider Chainlink (LINK) to work on a proof-of-concept (POC) project that will allow traditional financial firms to trade between blockchain networks. Chainlink co-founder Sergey Nazarov announced the project at his SmartCon […]

    Read More