Crypto Industry Wants to Convince Biden Admin They Do More Than “Finance Criminal Enterprises”

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Sources tell FOX Busi­ness’ Char­lie Gas­pari­no that the cryp­to indus­try is brac­ing for increased reg­u­la­tions as dig­i­tal cur­ren­cy gains wider accep­tance. The cryp­tocur­ren­cy busi­ness wants to con­vince the Biden admin­is­tra­tion it does more than “finance crim­i­nal enterprises.”Kristin Smith, exec­u­tive direc­tor of the Blockchain Asso­ci­a­tion, a lead­ing trade asso­ci­a­tion in the blockchain and cryp­tocur­ren­cy indus­try, tells FOX Busi­ness the group is mount­ing a charm offen­sive with key mem­bers of the Biden Admin­is­tra­tion as poten­tial new reg­u­la­tion looms.Smith said the group has been meet­ing with staffers in the Trea­sury Depart­ment and is in the mid­dle of sched­ul­ing meet­ings with Secretary …

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