US Treasury Secretary Janet Yellen delivered last week a report on the cryptocurrency market.
Many observers and experts regarded the minister’s speech as the preparation of the White House for the legalization of the blockchain industry. Yellen’s report was a continuation of Joe Biden’s famous crypto decree aimed at ensuring transparency in the digital currency market and create infrastructure for the industry.
However, despite the US government is only exploring options for a regulatory framework, some states have already started to implement their own legislation.
Notably, local authorities are partnering with crypto companies willing to invest in projects and create jobs in US cities. These regional legislation is being developed with the interaction of officials and lobbying structures that protect the interests of the industry.