Binance CEO praises Biden digital asset reports amid industry criticism

Quick Take
- Binance CEO Changpeng Zhao commended the digital asset reports released by the Biden administration that aim to offer a policy framework for cryptocurrencies.
- His comments come as some parts of the industry criticized the reports for a lack of clear policy recommendations.


Binance CEO Changpeng Zhao commended the digital asset reports released by the Biden administration despite a lackluster reception from some corners of the crypto industry.
"It’s great to see the US moving towards a proposed crypto framework," said Zhao in a Twitter thread. "Getting it right will help protect consumers, markets and spark responsible innovation... the US’s whole-of-government approach to crypto regulation will bring much-needed consistency and clarity vs the current patchwork of state laws and regulations that govern this space. "
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