US President Joe Biden signed a decree on the control of digital currencies the day before. This document should become the basis for the regulatory framework for the blockchain industry.
It states that all major US agencies should work with each other to ensure the safety of investors and prevent the criminal use of cryptocurrencies.
The Securities and Exchange Commission (SEC) supports the White House's commitment to transparency in the digital asset market.
The head of the SEC, Gary Gensler, has repeatedly advocated the speedy implementation of crypto legislation. The day before, he said that his department is ready to cooperate with other supervisory authorities in the field of control over the blockchain industry.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
Gensler expressed his position on Twitter and emphasized that the maximum effect will be achieved only if the US government can find a common language with other institutions at the federal and regional levels.
Recently, the head of the SEC called for speeding up the legalization of bitcoin exchanges and services offering digital currency exchange services.
He also stated that his office would be able to control transactions in such instruments under the securities laws.