~ The Saloon ~ Crypto & Stocks ~

[xZx]

yes, and language (no doubt carefully chosen) says biden is "weighing" an executive order. the word "considering" is also used.

but if traders feel like their particular coin will be treated like XRP, or if defi is in the crosshairs, all the tokens used to fund defi will probably take a dip.

Biden Plans Executive Order to Crack Down on Crypto: Report

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.

https://decrypt.co/82997/biden-crypto-executive-order

i think the EO will have some details about plans to "crack down" but stablecoins like tether are probably the biggest issue crypto faces, and that might hurt bitcoin pumps more than tokens with more utility.

markets hate uncertainty.

and i could see wall street crypto-dabblers using biden's EO as an opportunity to shake the tree a bit.