#White House Crypto Report# The White House has released its most comprehensive report yet on cryptocurrencies. This report aims to both regulate the crypto market in the US and make crypto more secure.
Report Key Highlights:
Crypto oversight is divided into two categories:
SEC (Securities and Exchange Commission): Will oversee crypto stocks
CFTC (Futures and Trading Commission): Will monitor other crypto transactions
Crypto Freedom for Banks:
Banks and financial institutions will be able to conduct crypto transactions. The pressure to "stay away from crypto" is now being lifted.
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