The White Home took an adversarial stance in the direction of crypto by way of most of U.S. President Joe Biden’s time period – for instance, going out of its means to veto a controversial accounting measure, SAB 121, which makes it exhausting for banks to custody crypto.
However issues began to alter when former President Donald Trump mentioned in Might that he’d champion the trade. He then doubled down by vowing to represent a strategic bitcoin reserve, to free Silk Highway creator Ross Ulbricht from jail and to assist the bitcoin mining trade develop within the U.S.
