US plans to raise the crypto regulation issue at G7 summit

by in Cryptocurrency News

USA

In connection with the recent hacker attack on the Colonial Pipeline and the growing scale of bitcoin extortion, the US President plans to raise the issue of regulating the cryptosphere at the next G7 summit. Jake Sullivan, the current national security adviser to Joe Biden, told reporters about this at a briefing.

The American leader is perplexed by the growing activity of cybercriminals and intends to discuss not only the prospects for introducing regulation of the blockchain industry but also jointly combating cyber threats.

Sullivan clarified that the G7 summit will be held next weekend in London. Note that the current head of the White House himself has not yet commented on the situation in the cryptocurrency market.

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If Donald Trump, as the head of state, often criticized bitcoin, then Biden prefers not to talk about the regulation of BTC and the industry in general.

Although last summer, during the election race, Joe Biden said that he did not have Bitcoin. He also noted after the attack on his Twitter account that he had never asked anyone to send him cryptocurrency before.