US Congressman and Republican leader of the US House of Representatives Kevin McCarthy said that cryptocurrencies will continue to develop and regulators can no longer ignore this area.
IN interview Kevin McCarthy noted on CNBC that US Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell have taken a cautious stance on cryptocurrencies.
Regulators have tried to ignore digital assets in the hope that the industry will die out. However, this did not happen and the ecosystem has reached the level when it is necessary to pay close attention to it.
“Those in charge of regulation sit in government and pass laws. They need to start understanding what cryptocurrencies mean for the future. Other countries, especially China, understand this and develop the sphere, ”said the congressman.
Earlier, the Republican leader advocated exploring the possibilities of blockchain, in particular how distributed ledger technology can help improve government performance.
According to the CEO of the bank Goldman Sachs David Solomon (David Solomon) in the coming years in the United States, the regulatory environment for cryptocurrencies will improve significantly.
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