U.S. Presidential candidate Mike Bloomberg unveils its crypto plan: creating a regulatory sandbox to provide a regulatory framework for cryptocurrencies

Prior to the Democratic debate in Las Vegas tonight, Presidential candidate Mike Bloomberg outlined his cryptocurrency plans. He mentioned promoting healthy competition in the financial services sector by creating a "regulatory sandbox" that enables startups to test concepts and provide a clear regulatory framework for cryptocurrencies. "Cryptocurrencies have become hundreds of billions of dollars in asset class, but regulatory oversight is still fragmented and underdeveloped. I will work with regulators to provide clearer (game) rules." It is reported that Bloomberg is the third recognized block The Democratic presidential candidate of the importance of the chain ecosystem, Eric Swalwell and Andrew Yang, who had previously outspoken about cryptocurrencies, have both withdrawn from the campaign. Currently, Bloomberg's approval rating in national polls has soared to 19%.