Crypto Critics Slam Biden's Regulation
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Two Biden administration economists op-ed slams crypto, but critics fire back, accusing the administration of messy regulation-by-enforcement that let fraud like FTX thrive. The hands-off approach drove legit firms offshore and crooks thrived, while Operation Choke Point two point zero pressured banks to cut off lawful crypto businesses. Despite downplaying wins like stablecoins slashing remittance fees, big players like Fidelity, JPMorgan, BlackRock, Visa, and Mastercard are building on blockchain. The Biden teams approach hurt consumers and U.S. edge, and regulators need to explain their fumbled shot at real progress.
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