US President Joe Biden has finally signed the long-awaited executive order regarding cryptocurrencies.
The Biden administration has been giving signals for months that it will step up its crypto market scrutiny. But when the full government strategy was announced on Wednesday, it did not promise any regulation for the sector. Instead, it set policy priorities for digital assets and sought to address the lack of a regulatory framework for crypto by unifying oversight across federal agencies.
This step has been greatly welcomed in the crypto community. Treasury Secretary J.Anne YellenBitcoin rallied to $42,000 on Wednesday after ‘s office accidentally leaked the details of the executive order. In the allegedly leaked document, Biden calls for a coordinated and comprehensive approach to digital asset policy.
But while Gemini co-founder Cameron Winklevoss calls the executive order a “landmark”, not everyone thinks exactly like Winklevoss. Here’s what Sam Bankman-Fried, Mike Novogratz and other leading names in the crypto world have to say about it.
Crypto billionaire Sam Bankman-Fried
“I don’t think it’s anything significant,” the CEO of crypto exchange FTX told CNBC. I think it’s a reflection of where management is more than anything else.”
“So there’s not a lot of certainty about where this is going to lead.”
Antoni Trenchev, managing partner of crypto platform Nexo
“If there was any risk of an international or US-led collapse on cryptocurrencies, those were gone,” he told CNBC. said.
‘Shark Tank’ investor Kevin O’Leary
The crypto investor wrote in a tweet, “The executive order is a warning fire to public Bitcoin mining companies. “There is now an initiative to monitor the carbon neutrality of these miners,” he said.
“Carbon loans are not auditable, so these stocks are going to end badly. I sold them all!”
Blockchain Association head of policy Jake Chervinsky
“The main concern was that the executive order would force hasty rules or impose new and bad restrictions, but nothing like that here.” said.
“One aspect of the executive order that I can’t figure out is that it doesn’t mention tax policy once. This is quite strange considering how many tax issues have not been resolved,” he added.
Anthony Scaramucci, founder of Skybridge Capital
“This day and October 6 of last year were two important days for the American government regarding cryptocurrency. We got Bitcoin futures on October 6, and today our government is clearly saying that Bitcoin will stay in our lives and there will be responsible innovation to be regulated by the government.” said.
“You also see a lot of brief statements today and now you are starting to reconsider the idea that institutions need a crypto strategy.”
Mike Novogratz, founder of Galaxy Digital
The billionaire crypto investor said, “Crypto and public blockchain will reshape the world in ways we can’t even imagine. The Executive Order welcomes the involvement of the management,” he said.
“The window has now opened for US leadership in the global cryptoeconomy.”
“There are 46 million Americans with cryptocurrencies. The government needs to stop treating them as criminals. “I think Biden’s Executive Order was extremely negative,” he said.
“The executive order devoted several pages to CBDCs, namely the idea of the digital dollar, but made little mention of bitcoin, ethereum, or public blockchain networks, which are the backbone of crypto culture. SAD.”
Anthony Pompliano, co-founder of Morgan Creek Digital
“The United States has made it clear that they want to be a leader in Bitcoin and cryptocurrencies,” he wrote on Twitter.
“Global competition continues.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.