The content discusses the anti-crypto stance of Joe Biden's presidency and the negative impact it has had on the cryptocurrency industry. It highlights Biden's executive order that failed to provide clear regulation and instead focused on a centralized digital currency. The article also mentions the scrutiny faced by stablecoins and the introduction of tax reporting rules for crypto brokers. The administration's efforts to coordinate between regulatory agencies and revive Operation Choke Point, which targeted banks working with crypto companies, are criticized. Elizabeth Warren is portrayed as a key figure in anti-crypto legislation. The piece ends by expressing hope for a more crypto-friendly approach from incoming president Donald Trump.
- Content Editor ( cryptopolitan.com )
- 2025-01-06
Biden prepares farewell to anti-crypto presidency: All the ways he held the industry back