Biden to Discuss Crypto and Ransomware Issues at G-7 Summit

[Yo_Mama_Been_Loggin]

At yesterday’s White House press briefing, President Biden’s national security advisor, Jake Sullivan, stated that Biden is planning to discuss various crypto-related issues at the G-7.

Sullivan not only said that he Biden will be discussing crypto issues, but he also doubled down by stating that examining the role of crypto in cyberattacks needs to be a priority. Sullivan believes that both NATO and any country in the G-7 need to be looking into these issues in preparation for next month’s summit.

Biden appears in line to be the first sitting president who will be forced to deal with a broad range of issues that pertain to cryptocurrency. The President has not only been focused on protecting from these ransomware attacks, but he has also announced a crackdown on tax evaders via global data sharing.

The administration has made it know they are putting forth extra effort to ensure traders on the crypto market abide by regulations and that any loopholes in the system are patched quickly. A number of Biden appointees have opined about the cryptocurrency landscape with many expressing less than positive sentiments.

https://finance.yahoo.com/news/biden-discuss-cryptocurrency-ransomware-issues-171139416.html

[Budi]

1. About time. Crypto is an open door to exploitation & money laundering

And that's why Putin was one of cryptos biggest mouthpieces.