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Evolution of Crypto Regulation under the Biden Administration
This chapter explores the dynamic changes in legislative matters such as SAB 121, FIT21, and the resignation of Grunberg, in addition to the Biden administration's evolving stance on crypto post-Trump. It analyzes the speculated reasons behind administration actions, the implications on the crypto space, and the impact on political strategy and policy. The chapter also delves into the challenges faced by the crypto industry in the US, including regulatory actions restricting banks and businesses dealing with crypto.