Cryptocurrency

Shift

Biden

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/how-will-bidens-crypto-stance-impact-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">How Will Biden’s Crypto Stance Impact Market?</a><br></p>
<p style="text-align: justify">Cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> experienced an excellent week as things suddenly started to improve. <a href="https://en.bitcoinhaber.net/anthony-scaramucci-foresees-monumental-bitcoin-surge-to-200000-by-2024" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> was already on an upward trend. However, recent inflation data and the Biden administration’s sharp change in attitude towards crypto have made investors very happy. So, what is happening?</p>
<h2 id="why-the-legislative-shift-is-significant">Why the Legislative Shift Is Significant?</h2>
<p style="text-align: justify">Today or by tomorrow at the latest, US officials will vote on a new cryptocurrency law in Congress. Last week, a law that received bipartisan support and made it difficult for the SEC regarding crypto had raised hopes. Now, with another law, the legal pressure on cryptocurrency investors in the US will decrease.</p>
<h2 id="what-does-biden-s-decision-mean-for-the-market">What Does Biden’s Decision Mean for the Market?</h2>
<p style="text-align: justify">Moreover, according to recent <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">news</a>, the crypto market structure revision bill, FIT21, will not be vetoed. Although there are criticisms of the law, Biden’s decision to not veto, contrary to his previous statements, is clearly a price catalyst.</p>
<p style="text-align: justify"><img fetchpriority="high" decoding="async" class="size-full wp-image-354498 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/biden-veto-kripto.png" alt="" width="597" height="517"></p>
<h2 id="concrete-implications-for-investors">Concrete Implications for Investors</h2>
<ul>
 <li>Legal pressure on U.S. crypto investors will ease with the new law.</li>
 <li>Biden’s decision not to veto FIT21 is boosting market confidence.</li>
 <li>BTC prices increased by approximately $400 following the news.</li>
 <li>Further price rises can be expected with more positive news.</li>
</ul>
<p style="text-align: justify"><strong>The Result</strong></p>
<p style="text-align: justify">BTC price increased by approximately $400 for this reason, and it wouldn’t be surprising to see further rises with more news in the coming hours.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/how-will-bidens-crypto-stance-impact-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">How Will Biden’s Crypto Stance Impact Market?</a></h5>

How Will Biden’s Crypto Stance Impact Market?

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