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Last week, US Treasury Secretary Janet Yellen delivered a report on the cryptocurrency market.
In fact, many observers and experts regarded the Minister’s speech as the preparation of the White House for the legalization of the blockchain industry. Yellen’s report was a continuation of Joe Biden’s famous crypto decree, designed to ensure transparency in the digital currency market and create infrastructure for the industry.
However, while the US government is only exploring options for a regulatory framework, some states have already begun to implement their own legislation.
Local authorities are partnering with crypto companies willing to invest in projects and create jobs in American cities.
Regional legislation is being developed with the interaction of officials and lobbying structures that protect the interests of the industry, The New York Times reports.
One of the most advanced is the state of Florida. US regional officials pay special attention to increasing the transparency of the crypto market and ensuring the protection of investors from fraudsters.
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