Aside from the immediate positive price action, thewas considered by most investors to be if not a net positive for the crypto industry, at least a lot less bad than had been feared. President Biden called the rise of digital assets, “an opportunity to reinforce American leadership in the global financial system and at the technological frontier”.
"President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy," Yellen said."This approach will support responsible innovation that could result in substantial benefits for the nation, consumers and businesses." Gensler weighed in on the news anyway, deciding to post his support for Biden’s regulatory efforts on Twitter.signed an Executive Order on crypto-assets. I look forward to collaborating with colleagues across the government to achieve important public policy goals: protecting investors & consumers, guarding against illicit activity, & helping ensure financial stability.
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How long will Waves continue to spike?