Crypto Miners Win Big? Joe Biden's Answer In Executive Order Bring Good Luck!

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 The decision of the executive order of the president of the United States (US), Joe Biden on digital assets announced yesterday is actually exciting news for crypto mining companies.


According to analysts Jefferies Financial Group Inc. (JEF), Jonathan Peterson, although the executive order focuses on digital assets, there is no denying it is positive news for crypto which plays an important role in global economic growth.


In support of Peterson’s statement, shares of crypto mining company - Riot Blockchain rose more than 11%.


Shares of digital payments companies also rose, PayPal with a record nearly 5% and Block up nearly 11%.


Not only that, Biden's agreement on the crypto economy is in stark contrast to the decision taken by China in May 2021.



The effect brought a new wave of investment in North America such as: The Bahamas, El Salvador, Mexico, and the US.


Peterson did not hesitate to say yes if this is an indicator that shows the U.S. government is more supportive of miners and cryptocurrencies.


For the record, Biden has issued an implementation order of the cryptocurrency bill and urged the Treasury Department to make a report on the future of the currency including how fellow financial systems failed to meet consumer demand.


As a result, the crypto market showed a positive movement after Bitcoin (BTC) jumped more than 8% from the $ 39,393.64 level around 11 am to $ 42,592.07 at midnight last night local time.


However, BTC was trading at $ 39,827.90 at the time of this writing with a decline of over 4% in 24 hours.

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