Trump pursues pro-crypto agenda

This is a U.S. news story, published by CNBC, that relates primarily to Baker news.

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Cryptocurrency Cybersecurity Information Sharing Act

CNBC

•

Business

Business & Economics

The criminal question in the coming wave of pro-crypto legislation

Summary

Nutrition label

81% Informative

Congressional action is expected to focus on spurring development of the U.S. cryptocurrency industry.

But cybersecurity is an issue, and criminals are changing tactics to evade authorities.

The incoming Trump administration has been touting its crypto bona fides, with a focus on the industry rather than the consumer.

Cybercrime operations in bitcoin remain viable and unlikely to suffer government disruption to operators in the space, says Baker .

Baker predicts regulation centered on organizations issuing cryptocurrency payments is more likely achievable and palatable in the current regulatory environment.

This approach can be argued as regulating end users and purposes rather than the underlying cryptocurrency itself.

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formal

Language

English

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not offensive

Hate speech