Former United States President Joe Biden leaves behind a complicated cryptocurrency record.
Former US President Joe Biden leaves office with a complicated cryptocurrency record spanning hardline regulatory crackdowns and big advances for institutional adoption.
On Jan. 20, pro-crypto President Donald Trump begins his presidential term. While Trump touts plans to make America “the world’s crypto capital,” Biden’s stance on crypto was more ambivalent.
Under Biden, a Democrat, US financial regulators brought dozens of lawsuits against industry companies for perceived legal infractions. On the other hand, they also paved the way for institutional adoption, approving numerous regulated crypto products and custodians.
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