Binance CEO Changpeng Zhao lauds Biden’s digital asset reports

Binance CEO Changpeng Zhao has praised the digital asset reports released by the Biden administration.

Biden’s crypto reports have suffered a sour reception from the crypto space.

Zhao tweeted that Biden’s crypto framework would ‘spark responsible innovation’ and would bring ‘bring much-needed consistency and clarity vs the current patchwork of state laws and regulations that govern this space.’

Released on Friday, the reports were a crucial step in the US government’s efforts to lay out a framework for its policy toward cryptocurrencies.

The reports included calls from the Treasury Department to “double down” on regulation, further support for research on central bank digital currencies (CBDC) and plans of action against digital asset usage by bad actors.

There are thoughts that Zhao’s comments echoes his latest attempt to curry favor with regulatory officials around the globe.

Last week, during Binance Blockchain Week in Paris, the CEO praised European Union’s Markets in Crypto Assets (MiCA) legislation, saying that it will become “a global regulatory standard”.

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