- Crypto is becoming a political issue in the U.S.
- The Biden administration has again placed the industry at the center of a bipartisan dispute.
- Biden’s statements have unsurprisingly attracted significant pushback.
Crypto is becoming increasingly politicized in the United States, with President Joe Biden placing the industry at the center of a bipartisan conflict for the second time in as many weeks.
In the latest attack, Biden has lumped crypto traders in the same category as “wealthy tax cheats” in a speech at a Group of Seven (G7) press conference held in Japan on Sunday, May 21. Speaking on debt ceiling negotiations, the U.S. president reiterated his unwillingness to agree to proposed budget cuts by Republican lawmakers.
Biden asserted that the deal proposed by Republicans put “food assistance at risk for nearly one million Americans” while protecting “wealthy tax cheats and crypto…
