Consensys Asks Future US President for Clear Crypto Rules

During a time of increasing political and market tensions, blockchain company Consensys has addressed an open letter to the future president of the United States, urging for clear and supportive regulations regarding cryptocurrencies and Web3.

Published on October 23, the letter stresses the importance of transparent and consistent regulatory guidelines in order for the US to remain competitive and address concerns surrounding consumer protection and illicit activities.

Consensys’ plea for regulatory clarity comes as the cryptocurrency market has been experiencing significant fluctuations in response to global events.

Despite reaching a peak of over $70,000 in June, Bitcoin’s value has dropped to around $67,500.