- Biden administration’s recent announcements to affect a crypto entry in Washington.
- Banks require permission before engaging in the crypto activity.
- Supposedly no crypto bill in 2023.
The crypto industry has been knocking at the Washington doors for years; they successfully managed to be looked at through magic eyes. But recent events like the FTX collapse and its after-effects, along with a harsh crypto winter, caused the door to remain closed for the foreseeable future.
Source: https://www.thecoinrepublic.com/2023/02/08/crypto-sun-might-not-shine-in-washington-for-quite-some-time/