White House Issued Announcement for Cryptos

The White House, the US government, was the last governmental institution that issued new directions regarding cryptocurrency use and their handling from regulation.

The announcement starts with Luna and FTX’s failures and its potential contagion in the financial system.

It outlines the need for constant trials from regulators for stricter handling of crypto companies. The entire framework for fighting money laundering and terror financing is on the first priorities in the US policy.

Indeed, this week, there will be hearings for bankruptcies of FTX, Genesis and Celsius, while that of Sam Bankman – Fried will stand out.

We expect to see what will happen from the hearings in the crypto future…..