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White House To Toughen Cryptocurrency Laws

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The White House published a so-called "roadmap to reduce cryptocurrencies' risk" few days ago. 

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It solicits Congress to strengthen laws against suspicious players in the field.

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The long-winded report exposes some of the bad stories of the past year.

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Though cryptocurrency might be relatively new, “the behavior we have seen some cryptocurrency companies exhibit and the risks posed by this behavior are not.”

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The administration claims its primary priority is to ensure that cryptocurrencies do not affect financial stability but safeguard investors and hold criminals accountable.

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The document also states that experts from across the administration have formulated the "first-ever guidelines" to develop digital assets securely and responsibly while also addressing the risks they can create.

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