Cryptocurrencies were dealt a blow last week after the White House called on Congress to do more to regulate the nascent and volatile market.
Many have clamored for more regulation in the digital assets space following the collapse of crypto exchange FTX in November and the subsequent bankruptcies of lenders Genesis Global Capital and BlockFi. Among the measures suggested by the White House were increasing the transparency and disclosure requirements for crypto companies so customers are better aware of the risks.
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