Crypto reform coming to US in 2023, says former White House chief of staff
SVB’s epic failure occurred “at a bank that happened to deal with crypto customers” but “was not a crypto-induced problem,” said Mick Mulvaney. In the United States, crypto reform legislation isn’t the province of a single political party, and that’s why a former U.S. Congressman, who also played a prominent role in the Trump administration, believes that passage of a federal “digital assets” law this year is a real possibility. “Democrats aren’t all on one side; Republicans aren’t all on the other side,” said Mick Mulvaney, who was budget director and later acting White House Chief of Staff from January 2019 to March 2020, told Cointelegraph, further explaining: “I do think in this Congress, which has got functionally about 14–16 months left before it sort of shuts down before the next election cycle, you will get a meaningful piece of legislation on blockchain/crypto — what we’re referring to collectively as digital assets.” Mulvaney’s government resume is long and varied. In addit...