Binance CEO Hails White House Crypto Framework, Citing ‘Responsible Innovation’
Binance CEO Chanpeng Zhao has praised the digital assets report from the White House, saying it shows initiative on the part of the US government. According to CZ, the right regulations will encourage technological innovation while promoting the fundamental values of cryptocurrencies and protecting consumers.
The Binance founder also described the US comprehensive approach to crypto regulations as a better way to ensure consistent and clear laws. This would be a good change from the current regulatory regime, where each state appears to be making its own rules. Meanwhile, the White House report on cryptocurrencies has faced criticism from stakeholders such as The Blockchain Association and Crypto Council for Innovation and lawmakers like Rep. Patrick McHenry.
Source
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