Just In: White House Pushes Congress To Ramp Up Crypto Laws

Joe Biden, US President’s administration has issued an advisory for Congress to proceed with the crypto currency regulations. The big move has come amid the increasing need for clear digital assets laws by the industry.

More strict crypto laws ahead?

As per reports, the US Financial Stability Oversight Council, which includes the Treasury department urged the politicians to form an agreement over the laws. This includes regulations on Bitcoin and other crypto assets.

The Biden administration has asked Congress to press the laws as the delays are putting the investors at a huge risk. This report was submitted after the Congress debate proposal that covered the $140 billion stablecoin market. It includes tax rules for crypto brokers.

Meanwhile, reports suggest that Congress is still months away from passing crypto related legislation. However, the Biden admin