The founder of Tron believes that digital currencies should be recognized as legal tender in all countries

Four representatives at once from the US presidential administration appealed to local senators with a call to “intensify their efforts” to regulate the crypto market. Senior officials are sure that it would be a “serious mistake” to pass laws that would strengthen the links between digital currencies and traditional finance.

“In the past year, traditional financial institutions’ limited exposure to cryptocurrencies has prevented turmoil in cryptocurrencies from infecting the broader financial system,” Joe Biden administration officials wrote.

They also call on Congress to expand the powers of regulators to protect client assets, tighten transparency and reporting standards for crypto companies, and enact stablecoin laws.

And the founder of Tron, Justin Sun, believes that digital currencies should be recognized as legal payment instruments in all countries, despite the position of the US authorities. According to him, it is the American regulators that are considered the key participants in the crypto industry. But the US is not the only state in the world, so it is better for crypto projects to focus on ordinary people.

Sun noted that the adoption of digital assets would not only make trading easier but also allow users to take control of their financial future.

The head of Tron is also sure that companies associated with digital assets should take care of scaling and doing educational work to inform ordinary users about the principles of how cryptocurrencies work. In addition, Justin Sun considers it important to competently build relationships with the authorities and business.

“If 7.7 billion people on Earth legally use cryptocurrencies to pay for goods and services, then 300 million people living in the United States will do the same. Let’s not be limited to one country, but aim for the whole world,” Sun concluded.

Do you agree with his conclusions?