Treasury Calls On Biden To Join G7 To Help Regulate Cryptocurrency

The U.S. Treasury has reached out to President Joe Biden to help regulate cryptocurrencies. In a July 7, 2022 memorandum , the U.S. Treasury detailed an effort to establish worldwide standards for central bank digital currencies (CBDCs) and cryptocurrency payments to regulate financial stability and safeguard consumers and firms. The memorandum advised President Biden to work alongside the G7 to ... Full story available on