Biden election would be good for Bitcoin, bad for DeFi

[Lenipiw]

Biden's administration may not have the same "hands-off" approach to crypto regulation, contends Bloomberg. The latest Bloomberg crypto newsletter contends that the election of Joe Biden as president of the United States would bring greater mainstream adoption of Bitcoin (BTC), including a potential exchange-traded fund approval. Further, it referred to the policies of President Donald Trump's administration with regard to crypto as “hands-off”:
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