So we put forth a full regulatory requirement and started what's become known as the BIT license in New York. The United States is still trying to work through [a regulatory regime for crypto]. that. But I've always believed that the technology is going to revolutionize the financial system for the better, for the better. Faster, more efficient, more access 24, 7, better for the consumer and better for the economy. (01:37–01:41)
CLAIM
Asserts that the U.S. is still developing its regulatory framework for cryptocurrency.
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