The collapse of Bahamas-based FTX_Official highlights the need for the U.S. to work with other countries to create effective international crypto regulations, said Treasury Deputy Secretary Wally Adeyemo. By NelWang
Doing so is important for the protection of investors, consumers and global financial stability, as well as to prevent illegal uses of cryptocurrencies, Adeyemo said at the Reuters NEXT conference in Washington, D.C.
“[Crypto] is a global phenomenon,” Adeyemo , according to the report. “And what that means is that we're going to have to work closely with our international partners to design a regulatory regime in a framework that helps us to make sure we protect the global economy as we think about innovation like cryptocurrency.”
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