The White Home took an adversarial stance in the direction of crypto via most of U.S. President Joe Biden’s time period – for instance, going out of its approach to veto a controversial accounting measure, SAB 121, which makes it laborious for banks to custody crypto.
However issues began to alter when former President Donald Trump mentioned in Could 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.
