White House says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX
Cointelegraph
Published Nov 10, 2022 04:50PM ET
Updated Nov 10, 2022 06:20PM ET
The White House said the administration of United States President Joseph Biden is monitoring the situation with the recent crypto market crash but deferred to independent regulators for any potential enforcement actions.
In a Nov. 10 press briefing, White House Press Secretary Karine Jean-Pierre said Biden was aware of the ongoing situation with the crypto market, hinting at FTX’s liquidity crisis. According to the press secretary, the administration and financial agencies will “closely monitor” developments.
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Written By: Cointelegraph
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