The Biden administration has taken a significant stance on the crypto industry, with enforcement actions from the SEC and CFTC, as well as proposed regulations from the SEC and Treasury Department. These regulations could have major implications on the sector, from the SEC’s proposals on custody and exchanges to the Treasury’s new proposal on how to tax token gains. Biden has also expressed interest in closing “special interest tax loopholes” that benefit crypto traders, and the White House has proposed a 30% tax on crypto mining. In 2022, Biden issued an executive order on digital assets, instructing his administration to start getting a handle on oversight that would establish consumer protections while allowing U.S. innovation.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	9
People	Commodity Futures Trading Commission, Treasury Department, SEC, Joe Biden, White House.
Companies	White House, Commodity Futures Trading Commission, Treasury Department, SEC, Executive Order on Digital Assets
Currencies	None
Securities