With Biden recently passing an Executive Order on Crypto and Digital Assets, you're probably wondering how it will affect you.
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If you're invested in crypto, you should know that the three things that the executive order that president biden just passed last week does for consumer traders like us. First, they want to provide oversight and regulation to prevent scams and attacks from being as common scams and rug. Pools are getting so much more common, so preventing them will definitely make it easier for new people to get into investing into crypto. Next, the government will be putting a lot more resources into researching and possibly even developing, their own digital currency.
This should help make cryptocurrency adoption more mainstream, especially with skeptics, as well as making everyday payments faster for consumers. Lastly, the government announced they are going to be putting efforts into finding ways to reduce the environmental impact of cryptocurrencies. This executive order shows that the government wants to support and be a part of the crypto movement which could be massive for crypto investors. That's why.