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Biden Pushes Government to Regulate Crypto

By Vin Narayanan on March 25, 2022

President Biden signed an executive order earlier this month that directs several federal agencies to develop policies and regulations for cryptocurrencies. Mainstream media reports — and some crypto analysts — linked this development to the U.S. trying to stop Russia from evading financial sanctions that were imposed after Russia invaded Ukraine. Those reports are wrong. This executive order has been months in the making. The Biden administration started publicly…