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Thndr Claps » U.S. Claps » Investment📈 » Bitcoin jumps as Biden issues executive order🗣

Bitcoin jumps as Biden issues executive order🗣

by Shams Abbas
March 10, 2022

The Clap
U.S. President Joe Biden signed an executive order instructing the government to assess the benefits & risks of cryptocurrencies, sending Bitcoin (& other cryptocurrencies) jumping.

Reducing risk
The initiative focuses on six factors: consumer protection, financial stability, illegal activity, competitiveness, responsible innovation, & financial inclusion. 

The move removes a great deal of uncertainty in the crypto world. But President Biden’s remarks called for an “unprecedented focus” to develop a regulatory framework that comprehensively tackles all six factors mentioned above.

The jump was short-lived
Bitcoin (& others) ended up losing most of these gains pretty quickly.

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