Biden says he won’t agree to debt deal that protects crypto traders
Biden’s comments come after lawmakers failed to agree to a debt-ceiling deal on Friday, with the next week likely to be make or break. But even as the US comes dangerously close to a default, Biden is warning that he is not going to accept proposals that protect crypto traders.
He told reporters:
He told reporters:
“I’m not going to agree to a deal that protects wealth tax cheats and crypto traders while putting food assistance at risk for nearly 1 million Americans.”
The observations on crypto come at a time the US has adopted an increasingly aggressive approach to crypto regulation even as industry players point to lack of clear rules and guidelines.
The White House also recently released a report that suggested crypto did not have any value – other than for price speculation. Crypto experts criticised the Biden Administration as missing the point and noted that the US could be overtaken by jurisdictions that continue to embrace clarity in crypto regulation $Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $Coinbase(COIN.US$ $Robinhood(HOOD.US$ $Nasdaq Composite Index(.IXIC.US$
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