Mike Bloomberg's 2020 monetary policy proposes strict bitcoin regulations
In 2020, US presidential candidate Michael Bloomberg solved the issue of cryptocurrency and initial coin offering (ICO) in a recently announced financial reform policy. Bloomberg wants more "regulatory oversight," claiming to be seeing "many hype, fraud and criminal activity" in relation to this promising technology.
Mike Bloomberg's 2020 financial reform policy discusses tightened crypto regulation
Former New York City mayor and founder of financial news operations Bloomberg LP, Michael Bloomberg, recently announced his fiscal reform policy. This is the type of policy that will be enacted if Bloomberg is elected president after the US elections in 2020. The nine-page document discusses how Bloomberg will handle the US economy when elected, and I truly believe that “finance must serve the American people.” Bloomberg, like the Democrats, leans toward fixing things in a socialist manner. Bloomberg's policy mentions the 2008 financial crisis and condemns the lack of regulatory oversight of the disastrous economy at the time
Bloomberg's “Financial Reform Policy” said, “As far as the crisis in 2008 has severely undermined our belief in establishment and the world is nearing the collapse of the economy, authorities must do everything in their power to resolve all deficiencies.” Bloomberg does not like the economy under Donald Trump's leadership and clearly shows it throughout the reform plan. Bloomberg believes that the experience of founding a global fintech company is a great help in reforming the US economy at present. "Mike Bloomberg believes that this situation is unacceptable. As the founder of a successful global financial technology company, he understands this system well and is uniquely qualified to work better for all Americans." When it comes to crypto, Bloomberg really wants regulators to crack down on the industry and establish regulatory standards across the board. The policy should improve “regulatory oversight” to “protect consumers from cryptocurrency fraud”. - 37 minutes ago