White House Crypto Report Gets Frosty Reception From Industry

The cryptocurrency industry has reacted with dismay to the latest White House policy paper addressing prospects for regulating the struggling sector.

The report is “disappointing,” Perianne Boring, Founder and CEO of the Chamber of Digital Commerce, said Wednesday by email, because it “fails to acknowledge regulatory agencies’ decade-long disregard and ambivalence toward developing meaningful policies that would provide clarity, certainty and investor protections for digital asset and blockchain-based businesses.”

“As ongoing federal litigation indicates,” she added, “efforts by our industry to build a clear and consistent legal framework have been stalled in favor of confusion and ridicule.”

The Economic ...