Issued by the White House by Director of the National Economic Council, Brian Deese – chief economic adivser to Biden.
- turmoil in the cryptocurrency markets has had little negative impact on the broader financial system to date
- While cryptocurrency might be relatively new, the behavior we have seen some cryptocurrency companies exhibit and the risks posed by this behavior are not.
- our focus is on continuing to ensure that cryptocurrencies cannot undermine financial stability, to protect investors, and to hold bad actors accountable
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