Digital assets can spur growth in the U.S. economy when properly developed and regulated. In this light, U.S. Senator Cory Booker reacted to President Joe Biden’s latest cryptocurrency initiatives.
Cryptocurrency is an exciting innovation with the potential to bring growth to the American economy if properly nurtured and regulated.
As the order notes, the U.S. has taken a position as a leader in this rapidly developing field, and we need to make sure we keep it.
— Sen. Cory Booker (@SenBooker) March 10, 2022
On March 9, Biden signed an executive order coordinating federal agencies in regulating cryptocurrencies.
Booker described them as ‘an exciting innovation’.
The U.S. has taken a leading position in this rapidly developing field, and we must ensure that we preserve it. Many Americans have participated in buying and exchanging digital assets. It is encouraging that the administration is willing to take on this challenge and focus on the transformative power of Web 3.0, he wrote.
The senator underscored investor protection as a priority to safeguard the United States’ competitiveness.
ConsenSys founder and Ethereum co-founder Joseph Lubin said the United States had ‘missed the party’.
Earlier, FTX chief Sam Bankman-Fried described cryptocurrency aid to Ukraine as a lifeline from the world.
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