Cryptocurrency: Biden Tries To Play In Swimming Pool, Will Drown By Crypto Tsunami

[grarpamp]

Poor Joe Biden just isn't aware of anything these days,
Crypto Tsunami will drown all who try to hold it back.


'The truth is that governments are uniting to try and derail cryptos
under the guise of "protecting the people."'


https://decrypt.co/82997/biden-crypto-executive-order
https://www.bloomberg.com/news/articles/2021-10-08/cryptocurrency-regulation-biden-considers-executive-order-for-agencies
https://www.bloomberg.com/quote/136551Z:US

Biden Plans Executive Order to Crack Down on Crypto
A rumored executive order on crypto from the Biden White House is just
one part of a larger effort by the U.S. government to get its arms
around the sector.

In brief

    Few details have emerged about the rumored executive order.
    A report suggests the order would instruct various agencies to
study crypto and issue recommendations.

The White House is in the course of preparing an executive order
directed at cryptocurrency, according to several unnamed sources cited
by Bloomberg. The report described the potential order as part of the
Biden Administration's attempt to set up a government-wide approach to
regulating the sector.

The Bloomberg report suggested the focus of any order would be on
directing federal agencies to conduct research and produce
recommendations:

"The proposed directive would charge federal agencies to study and
offer recommendations on relevant areas of crypto—touching on
financial regulation, economic innovation and national security, said
the people, who asked not to be named discussing plans that are still
under consideration ... The framework would touch a range of
bureaucracies, from the Treasury Department and financial regulators
to the Commerce Department, the National Science Foundation and
national security agencies."

The report also noted that, while a draft of the order has circulated
among various departments, it's not clear the White House will go
forward with it, and may instead pursue more informal measures to
achieve the same goal.

The rumor of the executive order comes at a time when many divisions
of the U.S. government are paying unprecedented attention to the
crypto sector. This includes the Securities and Exchange Commission,
the Federal Reserve, and the Justice Department, all of which have
made statements or announced impending reports concerning crypto.

President Biden cannot write new laws concerning cryptocurrency—that
is the prerogative of Congress. But he can use executive orders to
exert considerable power over various agencies, directing them to
prioritize certain activities over others and providing guidance
related to law enforcement.

The larger strategy is likely to become clear in the coming weeks as
government officials, as well as the White House, show more of their
cards concerning the U.S.'s crypto priorities. While the crypto
industry has long begged for clearer rules about what is legal under
U.S. law, the rules—when and if they come—could prove harmful to the
industry given the negative sentiments about crypto many top officials
have expressed.






https://dailyhodl.com/2021/10/03/president-biden-is-building-a-coalition-of-30-countries-to-address-cyber-crime-including-illicit-use-of-cryptocurrencies/
https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/01/statement-by-president-joe-biden-on-cybersecurity-awareness-month/

President Biden Is Building a Coalition of 30 Countries To Address
Cyber Crime, Including Illicit Use of Cryptocurrencies
Blockchain, Regulators, Scams, Schemes and Hacks	

President Joe Biden says the United States is creating a union of
nations to combat digital crimes, including the malicious use of
cryptocurrencies.

According to a statement released by the White House, Biden says the
US will join forces with 30 other countries, including allies from the
North Atlantic Treaty Organization (NATO) and Group of Seven (G7)
nations, to counteract bad actors in the tech and digital asset
spaces.