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Recently, the CEO di Kraken, Dave Ripley, offered an optimistic analysis of the position of the amministrazione Biden towards crypto, stating that there is a clear softening compared to previous years. A change of perspective on crypto for Biden: the statements of the CEO of Kraken Ripley, in a recent interview, observed that the Biden administration has shown signs of greater openness and understanding of the cryptocurrency sector. “It seems that there is a change in tone from the government,” said Ripley. “We have moved from a phase of great uncertainty and sometimes hostility, to a phase where there is a broader recognition of the potential of cryptocurrencies and blockchain technology.” This change is significant for a sector that has often seen regulations as an obstacle to growth and innovation. In particular, Ripley noted how the Biden administration is considering the economic and technological implications of cryptocurrencies more carefully, rather than simply treating them as a threat to be regulated strictly. A clear signal of this change was the overwhelming approval of the FIT21 in the House. The FIT21, acronym for “Financial Innovation and Technology Act of 2021”, is a bill aimed at creating a clear and favorable regulatory framework for cryptocurrencies and other emerging financial technologies. Ripley expressed surprise at the level of support that the bill received: “We did not expect it to be so successful. This shows that there is a growing recognition of the importance of financial innovation and the role that cryptocurrencies can play in the future of the economy.” The approval of FIT21 has been seen as a fundamental step forward towards creating a more stable and predictable regulatory environment for cryptocurrencies in the United States. The bill aims to balance the need to protect consumers and maintain financial stability with the promotion of…

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Filed under: News - @ June 22, 2024 1:16 am