With Biden prepared to sign an Executive Order today regarding the study of cryptocurrencies, is there any expectation that this could bring the SEC closer toward approving a spot bitcoin ETF that other countries have allowed? More comprehensive legislation will bring these companies, along with their technologies, back to USA.īiden’s Crypto Order and Crypto ETF Approval Many blockchain companies deliberately start large corporations offshore (like Panama) due to the regulatory uncertainty in the States, which moves tax revenue and innovation offshore. is already far behind other countries in terms of legislation and infrastructure. to stay globally competitive across the political spectrum. There is support for a responsible approach for the U.S. to be a global leader.ĭigital assets, along with blockchain policy, seem to still be nonpartisan, as there is no clear “Republican vs.

This is a positive development overall for the digital asset industry, with the administration recognizing that crypto is here to stay, and acknowledging that any regulatory oversight must foster innovation and empower the U.S. 30 Anndy Lian Founding Partner of Influxo Jonathan Teplitsky Founder of NFT Platform Pipe Flare Manager Community growth at Horizen/Horizen Labs And Pipeline Marketing CEO

Crypto executive order 2022