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Former Obama Assistant Joins Board of Directors

Former aide to former US President Barack Obama Jim Messina has joined the board of cryptocurrency wallet provider

Jim Messina’s responsibilities will include developing new standards and regulations for the digital asset market.

“The crypto market was the Wild West, and now it’s time to regulate it,” he said.

Messina predicts that in the future, most transactions will be made using digital currency:

“It’s incredibly important for us to develop the normative part of this process.” noted that cooperation with Messina will allow the company to become a key player in the market.

“We don’t want cryptocurrency to be a fly-by-night place. This market needs to be transparent, regulated and serve customers well, ”said CEO Peter Smith.

In 2012, Jim Messina worked as Barack Obama’s campaign manager and deputy head of the White House administration. He has been involved in cryptocurrency trading for a year.

Recall that in January 2021, the current US President Joe Biden suspended the implementation of the Financial Crimes Network (FinCEN) proposal to verify users of non-custodial wallets. It involved the collection of personal information about the parties to transactions and transactions of clients of cryptocurrency companies.

Representatives of a16z, Coinbase and Square CEO Jack Dorsey called the rules disastrous for the industry.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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