New cryptocurrency regulations are coming in the US. We are waiting for a decision

The example of Russia clearly shows how cryptocurrencies can shake the world. Sanctions, blockades and deactivations of payment services aimed at the Russians bypassed some of those who escaped into the world of cryptocurrencies. However, this has always been their goal – they were to provide a “safe and independent” alternative to money, but such something does not appeal to the authorities. That’s why this week it is said that new cryptocurrency regulations will be introduced in the US.

New cryptocurrency regulations in the US coming this week

Over the next few days, it is expected that President Joe Biden will sign a cryptocurrency executive order setting out U.S. government goals for the entire crypto market. A Bloomberg report suggests that an executive regulation is expected to require federal agencies to assess the threats and opportunities that Bitcoin and other cryptocurrencies pose to the United States. Speech incl. about “economic implications for national security”.

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This heralds nothing more than another hitting the cryptocurrency rate, which may be limited, and the trend of their use in business and innovation slowed down. However, it is difficult to say what actually awaits cryptocurrency in the US, because if the regulations support the use of cryptocurrencies, their price may simply increase. However, if they are limited to restrictions … then the matter will be obvious.