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Scoop: Ex-Obama aide joins board in anticipation of stricter crypto regulation

Former Obama aide Jim Messina is joining the board of in anticipation of enhanced regulation from the Biden administration and other governments for its business trading and processing digital coins.

Why it matters: Cryptocurrency companies are currently operating in a regulatory no man’s land. Some firms are looking for more government guidelines while others prefer to have as few rules as possible — and operate offshore, if need be.

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