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Blockchain Group to Meet With US Treasury Department Executives Over Brewing Regulations

A change in the administration of the world’s most dominant economy potentially spells a new era for nascent technologies like blockchain and cryptocurrency.
Incoming regulations and policies can either accelerate growth or impede progress. Fully aware of this, America’s leading blockchain group is taking the bull by the horn. It is taking the plunge to make the Biden administration understand the value of cryptocurrencies.
Crypto Trade Group Urges Treasury Secretary To Look Beyond The Negatives
Worried by looming regulations, Blockchain Association is trying to influence key members of the Biden administration to adopt a positive stance on digital assets. The body told Fox News that it had already met staffers in the Treasury Department but was attempting to meet more prominent members of the new cabinet.
As digital currencies continue to gain mainstream attention and adoption, governments and central banks worldwide have amplified calls for regulation. The primary reason being bitcoin’s role in facilitating crime. Blockchain Association is encouraging the Biden administration to adopt an open-minded approach towards the topic. The group is now looking to infiltrate the inner chambers of the United States Treasury Department. It says it is working towards scheduling meetings with the US Secretary of the treasury, Janet Yellen, and nominated Deputy Secretary Wally Adeyemo.
Blockchain Association’s Executive Director, Kristin Smith, said:
“Our number one priority is helping Yellen understand crypto goes beyond the financing of criminal enterprises. We want her to understand the value of crypto networks.”
Top-Tier Tussle
Frayed nerves …
Story continues on Crypto Potato

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