The Biden Administration has stated little publicly on the problem however has quietly backed a bunch of crypto-unfriendly actions by way of the Division of Treasury and, by proxy, the Securities and Trade Fee. Senator Elizabeth Warren (D-Mass.), an in depth ally of SEC Chair Gary Gensler, is broadly seen to have pushed the administration crypto coverage, which has concerned a bunch of aggressive enforcement actions towards the business, whereas providing few clear tips as to what’s and isn’t permissible when dealing in digital belongings in the US. So, to see Schumer make time on his schedule, seem on the Crypto4Harris occasion and make a legislative dedication is, to make use of a Biden phrase, a BFD.
