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US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

Bloomberg’s campaign published a financial reform plan Tuesday, advocating for greater consumer protection measures and a stronger financial system. Specifically, the proposal suggests requiring financial institutions to monitor risk exposure, recording all financial transactions in a centralized database, strengthening the Consumer Financial Protection Bureau and a number of other recommendations. The proposal also recommends creating a regulatory sandbox for startups and “providing a clear regulatory framework for cryptocurrencies.” Continue reading US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto