David Sacks Faces Pressure to Include Federal Regulators in Crypto Working Group
Monday, 24 February 2025, 11:41
David Sacks Faces Pressure to Include Regulators
A network of groups representing the American financial industry is calling on the White House's crypto czar David Sacks to include federal regulators in the President's Working Group (PWG) on digital assets.
Importance of Regulatory Involvement
- Regulatory Framework: Establishing a clear framework is essential for fostering growth in the cryptocurrency space.
- Integration with TradFi: Incorporating regulators can assist in aligning crypto with traditional financial practices.
- Industry Support: The backing from major financial entities underscores the urgency of this initiative.
Next Steps
As the dialogue progresses, the implications of these discussions could significantly shape the future landscape of cryptocurrency regulation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.