US GAO says lack of interagency cooperation must be addressed in crypto regulation

The USA Authorities Accountability Workplace (GAO), a Congressional watchdog company, has launched a report it accomplished in June on the regulatory framework for the usage of blockchain in finance.

The 77-page report was requested by Reps. Maxine Waters (NYSE:) and Stephen Lynch earlier than the midterm elections, once they had been the chair and rating member, respectively, of the Home of Representatives Monetary Companies Committee. The report unsurprisingly discovered that extra regulation is required. The company has a framework for evaluating regulatory reform proposals developed in 2009.

Proceed Studying on Coin Telegraph