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Crypto needs oversight to avoid harming Americans, White House says

She said the White House will continue to monitor developments on cryptocurrencies.

“The administration has consistently maintained that, without proper oversight of cryptocurrencies, they risk harming everyday Americans,” Jean-Pierre told reporters.

“This is something that clearly we monitor and that we see as an important issue. The most recent news further underscores these concerns and highlights why prudent regulation of cryptocurrencies is indeed needed,” she said.


Source: Economy - investing.com

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White House says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX