Biden plans to issue crypto oversight exec order next week
President Biden is expected to issue an executive order next week directing agencies across the government to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide strategy to regulate digital assets.
Biden, U.S. Government Are Coming to Regulate Your Bitcoin
For many investors who have bought into bitcoin, the cryptocurrency doesn’t just represent a once-in-a-lifetime investment opportunity, it also represents financial autonomy.
But a digital currency that can be transferred peer to peer without the oversight of banks or government regulatory agencies is attractive to both law-abiding investors and bad actors alike.
Basically if you have been invested in cryptocurrency for some time it’s obvious long term where the technology is going. All this noice that affects the market daily weekly will pass. If your following the tax rules you have nothing to worry about!