The crypto community is filled with news about the first crypto bill in the United States. The US has been on the fence regarding crypto regulations. However, a bipartisan bill is ready to add crypto to the country’s financial system. Reacting to the news, the CEO of MicroStrategy, Michael Saylor, applauded the report of a regulation. The flagship crypto, bitcoin, needs precise regulation to thrive, according to Michael Saylor. Traditional banks, institutional investors, and public companies can invest in the crypto industry when this happens. #Bitcoin will benefit from regulatory clarity, which will facilitate & accelerate the participation of traditional banks, public companies, and institutional investors, growing the entire digital assets industry. https://t.co/3lIfT6TZJm — Michael Saylor⚡️ (@saylor) June 7, 2022 Benefits of Clear Regulation For Bitcoin And Crypto According to a senior executive at SEBA bank, Christian Borel, precise regulation will increase crypto adoption. Furthermore, the sector has faced several issues of scams and frauds in recent months. Hence, investors are afraid to put their money in for fear of losing everything. A clear regulation will help curb the incidence of fraud in the sector. Also, it will protect the rights and funds of investors. Officials Call for Clear Regulation For Bitcoin At the moment, there is no clear regulation guiding the crypto sector in different countries. As a result, this...
