U.S. crypto group CMIC writes to Biden and Harris calling for clearer rules and warning of risks

The Cryptocurrency Market Integrity Coalition (CMIC), a crypto group consisting of more than 50 cryptocurrency companies, wrote to US President Joe Biden and Vice President Kamala Harris, calling for clear rules for the digital asset industry, and said that without rules, consumers will be harmed and innovation will stop. It is reported that the alliance was founded by Coinbase, Circle and The Digital Chamber, and its members also include Robinhood, BitGo and Chainalysis. The alliance expressed its hope to see the US government work with Congress to enact such basic legislation this year. Missing the legislative opportunity will cause mistakes that will be noticed both in the United States and abroad. (TheBlock)