Biden Issues Executive Order To Regulate Crypto Due To National Security....What Comes Next?--
This is huge, and exactly what I've hoped he would do. Biden is using Presidential power to assert the primacy of the Constitution's Preamble, "to promote the General Welfare" provide for the Common Defense and Domestic Tranquilty, for ourselves and our Posterity".
The Bloomberg article linked here --
spells out the broad outline of the EO. It has non-linear affects on our domestic crisis as well. It is known that much of the transactions for covert fundraising on behalf of proto-terrorism like the Canadian and American Truckers Convoy or Neo-Nazi Militias run by the "Alt-Right Trumpian radicals, are done through Crypto, as are financial ponzi schemes which are becoming more prevalent.
There are many implications of this order which will become apparent, but the most important thing is that President Biden now knows he is a "Wartime" President, though we are not directly involved in a Foreign war. He is asserting himself against "all enemies, foreign and domestic".
Donald Trump should be aghast today. He is not big in Crypto, but it is a first step by President Biden in his direction due to his Company's sordid Russian financial trail. We anxiously await the dropping of the next shoe.