Dogecoin: Does the White House approve of Doge?

 Dogecoin: Does the White House approve of Doge?

The White House, lawmakers and U.S. central bankers are looking into what can be done about cryptocurrency, according to The Washington Post.

  • Specifically, the Biden administration is looking into any potential “gaps” in the cryptocurrency market — like “whether it can be used to finance illicit or terrorist activities,” The Washington Post reports.
  • However, sources told The Washington Post that federal regulators “do not see the wild swings in the crypto markets as likely to threaten the broader stability of financial markets, although they think the risks are worth monitoring.”

Will the U.S. government look into Dogecoin?

One person familiar with the discussions told The Washington Post that the goal is to allow investors to “dogecoin to their heart’s content.”

  • “They’re aware of the fact that there are all kinds of risks in the abstract and things to look out for, but they are still largely in a…

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