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

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

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The US Govt Accountability Office (GAO), a Congressional watchdog agency, has launched a document it performed in June on the regulatory framework for the use of blockchain in finance.

The 77-web page document turn into as soon as requested by Reps. Maxine Waters (NYSE:WAT) and Stephen Lynch earlier than the midterm elections, after they secure been the chair and ranking member, respectively, of the Dwelling of Representatives Monetary Products and companies Committee. The document unsurprisingly came all the strategy in which through that extra regulation is wished. The agency has a framework for evaluating regulatory reform proposals developed in 2009.

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