- The Biden administration is looking to provide guardrails on Bitcoin and crypto
- The White House is set to convene for roundtable discussions on digital assets
- The talks could potentially pave the way for wider crypto adoption in the US
Biden Office to Hold Talks on Crypto
With the election campaign now in full swing, President Joe Biden and his administration are making sure they reach out to one key target audience — the crypto community.
According to leaked government emails, Biden and his office are preparing to engage in roundtable discussions focused on regulating Bitcoin and other digital assets. The move, if confirmed, could be a key step toward setting a clear regulatory framework for the crypto industry, which has long been a subject of debate and uncertainty.
The potential conversion on crypto and introduction of a regulatory framework will follow Biden’s move to open up a crypto donations line through US crypto exchange Coinbase.
A Chance for Clearer Regulations
The leaked emails indicate that the Biden administration is keen on providing guardrails for Bitcoin and other cryptocurrencies. As digital assets continue to grow in popularity and usage, the lack of regulatory clarity has posed challenges for both users and investors.
But it’s the lead-up to the Presidential Elections in the US and that raises the probability of setting a shared standard when it comes to regulating crypto. This asset class was on the fringes until not long ago but is now making waves on Wall Street and among retail consumers.
