The Biden White House has released its first-ever framework on what crypto regulation in the U.S. should look like. The new directives tap the muscle of existing regulators such as the Securities and Exchange Commission and the Commodity Futures Trading Commission, but nobody’s mandating anything yet. The long-awaited direction from Washington has captured the attention of both the crypto industry as a whole — and of investors in this nascent asset class. More than $1 billion in crypto has been lost to fraud since the start of 2021, research from the Federal Trade Commission says.Read Long Article
