Jeremy Allaire co-founder and CEO of the U.S. crypto firm Circle Jeremy Allaire explained his confidence in Joe Biden's administration that would support the crypto industry.
Clearly, the shift in attention to cryptocurrencies is due to growing infrastructure changes, prompting the US to become more competitive.
However, so far the country is still governed by the current president, Donald Trump has not fully accepted the innovation.
Most countries are also seen hesitant to come up with regulatory frameworks which will allow new blockchain firms to operate. No wonder market players like Ripple CEO Brad Garlinghouse plan to move his company overseas.
Biden, on the other hand, has not yet expressed his opinion on crypto assets including Bitcoin (BTC).
Earlier, the figure nominated Janet Yellen who is said to be open about blockchain technology to replace Steven Mnuchin as Treasury Secretary.
In fact, digital currency expert Gary Gensler was also appointed by Biden as a financial expert, followed by positive news on cryptocurrencies by Office of the Comptroller of the Currency (OCC) executive Brian Brooks.
Last week, the stablecoin legislation was proposed in Congress, highlighting the importance of regulatory (decentralized) and decentralized (decentralized) projects in terms of regulation.
