Crypto Industry Welcomes Biden's Executive Order — Expert Says 'It's About as Good as We Could Ask' – Regulation Bitcoin News

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Biden’s executive order shows that 'the federal government sees cryptocurrency as a legitimate, serious, and important part of the economy and society,' said Brito. crypto cryptocurrency bitcoin

Crypto Industry Welcomes Biden's Executive Order — Expert Says 'It's About as Good as We Could Ask'

Wednesday establishing a national policy for digital assets. The order is “the first-ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology,” the White House described. Jake Chervinsky, a well-known lawyer in the crypto space, agreed with Brito’s assessment, emphasizing: “Despite a few loud voices in government relentlessly attacking crypto in recent months, the EO is balanced & constructive.” He continued:

Core Scientific co-founder Darin Feinstein commented: “Bitcoin in the USA was de-risked by EO. The USA government endorsing innovation in and around Bitcoin is monumental. As capital continues to flow into this industry, it is up to the 50M USA bitcoin holders to make certain their representatives continue to protect this industry.”

Garlinghouse continued, “However, I was pleasantly surprised & inspired by the EO acknowledging the *need* for evolution and alignment of the govt’s approach to crypto,” elaborating:

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