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US Senator Cory Booker considers cryptocurrency to be “exciting innovation”

Senator Cory Booker of the United States considers cryptocurrencies to be “an exciting innovation with the potential to grow the American economy if properly nurtured and controlled.” President Joe Biden’s executive order on cryptocurrency regulation has inspired Senator Cory Booker of New Jersey.

Senator Cory Booker of New Jersey discussed the potential economic benefits of Bitcoin on Thursday. His remarks came in the wake of President Joe Biden’s executive order on cryptocurrency regulation.

In October 2013, Booker became the first African American to represent New Jersey in the United States Senate. From 1998 to 2002 he served on Newark City Council and as mayor of Newark from 2006 to 2013.

“Many Americans, including a sizable number of Black and brown individuals, have participated in the purchase and exchange of digital assets,” stated Senator Booker. 

He further said that “The administration’s willingness to set up to this challenge and focus on the transformative power of Web3 is encouraging.”

Biden’s crypto executive order has been greeted positively by many in the crypto business. a D.C.-based think tank executive said. “The message I take from this EO is that the federal government sees cryptocurrency as a legitimate, serious, and important part of the economy and society.”

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