White House Calls on US Regulators to Continue Crypto Crackdown

The White House wants American financial watchdogs to do more to weed out fraud and abuse in crypto trading as the US inches ahead with plans for the asset class.

The Biden administration called on the Securities and Exchange Commission and other regulators to “aggressively pursue investigations and enforcement actions against unlawful practices.” The recommendation is part of a new White House document that it billed as a “comprehensive framework for responsible development of digital assets.”

The White House in Washington

Photographer: Joshua Roberts/Bloomberg

Washington has long struggled to strike a balance between cracking down on market abuses and encouraging a fast-growing industry that could have major ...