As 2022 begins, the United States is approaching the first anniversary of Joe Biden’s presidency. Following the ambitious start of his tenure, recent months have witnessed serious upheaval surrounding the overall health of the United States economy, the management of the COVID-19 pandemic administration, and the tense debate surrounding the opus Biden’s magnum: Build Back Better Infrastructure Legislative Plan, $ 1.7 Trillion.
But while the Democrats’ ability to maintain undivided power after the 2022 midterm elections may raise doubts, the party’s predominant view on cryptocurrencies has become more established than ever. The acting president’s party will set the tone for the regulatory discussion for at least three more years, so it is necessary to thoroughly examine the fundamental premises and possible directions of his emerging stance on cryptocurrencies.
- Will US regulators turn stablecoins into high-tech banks?
The Narrative Framework The path that mainstream Democratic thinking on cryptocurrencies has traveled over the past three years is perfectly captured in an anecdote featuring two crypto-related public statements made by one of the Clintons. One is that of the 42nd President of the United States, Bill Clinton, then 72, who said at the Swell Conference in October 2018 that the “permutations and possibilities” of the blockchain were “staggeringly large.”
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