Regulators should address crypto ‘garbage’ first, former SEC Chairman Clayton says

As the crypto industry continues to grow, regulators across the world are looking for operational and legal frameworks to guide their actions to more effectively monitor the industry.
The U.S. government in particular, which has been criticized for moving slowly on crypto rule-making in the past, has been looking at the sector with a renewed sense of urgency as the economy shifts into low gear.
In recent months, we’ve seen crypto-focused executive orders from President Joe Biden as well as a bipartisan bill proposed by Senators Cynthia Lummis, Republican of Wyoming, and Kirsten Gillibrand, Dem

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