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The U.S. Treasury Secretary said the crypto sector is in need of "very careful regulation" while some lawmakers are already preparing to propose tougher rules.
While Secretary Janet Yellen prepared to meet with Wall Street banking CEOs, an official from the Treasury Department said the crypto market turmoil shows a need for regulations.
Pennsylvania Congressman Glen Thompson has proposed a thoughtful, well-formulated blueprint for "crypto regulation" that aligns with U.S. Treasury Department’s proposals.