It is official: the path to future prosperity will be built on an exciting new platform of digital finance. That was the message of a series of recommendations published in July by a White House working group that, if implemented, “will ensure crypto becomes a hallmark of the new American Golden Age”. And with the strong backing of the president and bipartisan support on Capitol Hill, it is more likely than not that these proposals will be pushed through.
The six warning signs as crypto is welcomed into the US m…
The crypto markets were already surging ahead. The price of a bitcoin, by far the most popular crypto asset, has risen to about $110,000 (£83,000), nearly seven times where it stood at its low point at the end of 2022. Then there are the stablecoins, digital tokens that are…