The first time a comprehensive crypto regulation framework came to light after the huge efforts of 9 agencies of Federal.
As all of us know very well that US president Joe Biden signed & approved the Executive Order On Crypto Space in March of this year. However few people supported the Executive order as a new step to bring clarity to the crypto industry but some people claimed that it will spy the all participants in the crypto space and government agencies will only get the power to interfere in this new market.
On 16 September, a fact sheet was released by the White House on their official website, which consisted of seven sections, which are (1) Protecting Consumers, Investors, and Businesses; (2) Promoting Access to Safe, Affordable Financial Services; (3) Fostering Financial Stability; (4) Advancing Responsible Innovation; (5) Reinforcing Our Global Financial Leadership and Competitiveness; (6) Fighting Illicit Finance and (7) Exploring a U.S. Central Bank Digital Currency (CBDC).
All these sections are thoroughly analyzed and studied by the respective Federal agencies to ensure that crypto adoption should surge but with the security of funds of crypto Investors and keeping the bad actors away.
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
It is worth noting that the majority of the sections are not new to this Crypto Community because these things have already been heard many times. For example section (1) is the most common statement passed by the United States Securities and Exchange Commission (SEC) and Commodities regulatory body CFTC.
Section (2) is targeting those crypto networks or projects of this innovative industry, which are responsible for huge environmental pollution like Proof-of-work consensus-based Cryptocurrencies & high-level NFTs projects.
So far no negative impact has been seen in the crypto industry because of this 7-section-based facts sheet of the White House but it will be interesting to see the future outcomes because of the future crypto regulation framework of the US.
Read also: SEC chairman hints Ethereum PoS may face Scrutiny
US White House releases an extended form of crypto regulation framework
https://bitcoinik.com/us-white-house-releases-an-extended-form-of-crypto-regulation-framework/feed/
https://bitcoinik.com/us-white-house-releases-an-extended-form-of-crypto-regulation-framework/feed/
Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!
How does it work?
- Select Trade in the main menu, then select Trading bot.
- Select a spot trading pair from the Trading bot menu.
- Select Moon Grid from the listed strategies.
- Enter the amount you want the bot to trade and click Create.
- Your bot will then be live.
- To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
