War before hearing! Coinbase CFO: Crypto will come into the ground if the United States takes over.

Senior executives from six of America's largest cryptocurrency companies (Circle, FTX, Bitfury, Paxos, Stellar Developer Foundation, and Coinbase) witnessed the construction of the Financial Aid Committee from 11:00 p.m. Beijing time today. (8) Conference Call Let's talk about the future of digital assets and finance.

Now some leaders have said they will respect the rule of law in their proposed evidence, but added that too many restrictions will go beyond US rule. According to testimony published yesterday (7) by Coinbase CFO Alesia Haas, he claims that there is no striping and public participation in public debate to formulate legislative solutions. frightening legal risks. . This will push cryptocurrency ground operations or offshore trading with few plans to follow.

Bitfury CEO Brian Brooks testified that there are numerous examples of US regulatory decisions harming US investors, innovators and employees by bolstering legitimacy abroad. This is why cryptocurrency technology does not exist in Silicon Valley, the birthplace of internet commerce.

FTX also announced its "trade rules" last week, which included ten ideas to unite leaders, change the role of the business community, and wish to have cryptocurrency exchanges to regularly use financial protection.

A new task force has been set up to tackle cryptocurrency-related crime.

At the same time, Biden officials yesterday announced their "US Anti-Corruption Strategy". This is the first report on the federal anti-corruption law.

Documents indicate that the Justice Office will conduct a tough investigation and prosecution of cryptocurrency abuse by the National Cryptocurrency Enforcement Unit, a new task force formed by the Department of Justice, and extensive research into the cryptocurrency industry and financial fraud.

Biden executives have long been concerned about misconduct in the crypto space, as some of the most popular ransomware attacks this year have used cryptocurrencies to increase the ransom. After the Colonial Pipeline and JBS ransomware attacks, the US Department of Justice announced that it would increase the values ​​of ransomware similar to terrorism.

On the flip side, cryptocurrencies also provide a professional life for victims in the United States, like North Korea and Iran. The US Treasury Department said earlier this year, “These technologies give criminals the ability to hold and send money outside of the traditional financial system. They also allow our opponents to remove global liability from the US dollar by creating new currencies and new payments.

SEC Chairman Gary Gensler last week called for regulation of cryptocurrencies, where fraud, fraud and abuse are rampant.

The policy should encourage openness and encourage competition.

Bringing together many voices from the mayor and government, Circle CEO Jeremy Allaire said: Politics should encourage an open and competitive space and allow new technologies to succeed.

Proponents say stablecoins can change the way payments are made by providing a reliable, affordable, and fast way to convert international currencies. Just as the Internet flourished under American law in the early 1990s, the United States must play a vital role in advancing this technology.

Denelle Dixon, President of the Stellar Development Foundation, said: “Let's work together to help US policymakers take better and smarter actions… I hope we all see that cryptocurrencies and securities shouldn't be buzzwords Used to foster fear of the unknown.