‘Grave Mistake’—Joe Biden Reveals Game-Changing Crypto ‘Roadmap’ After $2 Trillion Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Price Crash
Bitcoin, ethereum and other cryptocurrencies suffered a "tough year" in 2022, according to Biden administration officials—promoting a devastating Federal Reserve blow.
The bitcoin price has crashed from almost $70,000 per bitcoin in late 2021 to around $23,000 today, helping to wipe $2 trillion from the combined crypto market. Bitcoin has surged back so far in 2023, adding 40% (topping Goldman Sach's 2023 asset ranking) and boosting the price of other major coins ethereum, BNB, XRP, cardano, dogecoin, polygon and solana.
Now, the Biden administration has said Congress needs to "step up its efforts" to regulate the bitcoin and crypto market, warning it would be a "grave mistake" to allow ties between cryptocurrencies and the broader financial system to deepen amid warnings of a "global financial meltdown."
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