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WEKU
WEKU
Business
David Gura

The White House calls for more regulations as cryptocurrencies grow more popular

The White House is encouraging regulators to exercise more oversight of digital assets, including cryptocurrencies like bitcoin. (Marco Bello/Getty Images)

President Biden's administration is pushing for more regulations on digital assets such as cryptocurrencies, and it's advocating for tougher oversight at a time when the popularity of virtual money continues to grow.

In a series of new reports released Friday that lay out recommendations, the White House pointed to the volatility of virtual currencies and a recent slump that has led to trouble across the crypto landscape.

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