Stronger oversight of cryptocurrencies is needed to prevent hurting ordinary American citizens, the White House said today, prompted by the news of FTX’s debacle. At a Thursday press conference, White House Press Secretary Karine Jean-Pierre was asked if regulators should be taking a “harder look” at the crypto world after FTX imploded. FTX is one of the world’s most popular digital asset exchanges but this week started to collapse after it emerged it was apparently insolvent. Secretary Karine Jean-Pierre responded that “the most recent news further underscores these con ...
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