U.S. President JoeBiden's executive order on crypto may be more important for its symbolism than for any practical effect it has right now. State of Crypto newsletter by nikhileshde
I don’t want to get political, but it is worth marveling for a moment at the fact that we went from a president who once tweeted he wasn’t a “
This isn’t explicitly stated, but it seems to me that one of the main goals is to do away with the state/federal bifurcation of crypto regulation . Basically, I think it’s too early to have any idea what sort of real impact this might have on a practical level. We might see some consolidation of regulation and a move away from the state/federal split, or we might not. Both seem equally likely at this time.On a symbolic level, though, this executive order seems massive.
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