Sources tell FOX Business’s Charlie Gasparino that the crypto industry is bracing for increased regulation as digital currency gains popularity.
The cryptocurrency industry wants to convince the Biden administration it’s doing it more than “financing criminal enterprises”.
Kristin Smith, executive director of the Blockchain Association, a leading trade association in the blockchain and cryptocurrency industry, told FOX Business the group is mounting a charm offensive with members. keys to the Biden administration as potential new regulation looms.
Smith said the group had met with Treasury Department staff and were in the process of planning meetings with Secretary Janet Yellen and Deputy Secretary named Wally Adeyemo – the cutting edge man on cryptography and technology. .
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