Joint Industry Initiative for Cryptocurrency: Clear Regulatory Framework for Consumer Rights and Dollar Tech Dominance
Publication Time:2024-08-08 09:37:06
The Cryptocurrency Market Integrity Coalition (CMIC), comprising several prominent cryptocurrency companies including Robinhood, BitGo, OKX, Gemini, Chainalysis, Elliptic, TRM, Kaiko, and Matrixport, recently sent an open letter to US President Joe Biden and Vice President Kamala Harris, urging for the establishment of clear regulatory policies. This move aims to prevent potential harm to American consumers through effective legal guidance and promotes the ongoing development of the US dollar in the global economy while strengthening its competitive edge in the field of financial technology. The alliance supports this initiative, viewing digital assets under open, public blockchain technologies as a significant opportunity to integrate American values and norms into the global financial system. This action is expected to enhance the US's influence in the global financial landscape.
Cryptocurrency
consumer protection
regulatory framework
dollar advantage
technological leadership