The Crypto Industry Isn’t Too Thrilled About Biden’s Big Policy Moves

The Crypto Industry Isn’t Too Thrilled About Biden’s Big Policy Moves
The U.S. House of Representatives voted to pass the infrastructure bill that contained a provision that shook the crypto world. Financial regulators called on Congress to regulate stablecoins. In other words, crypto had a big week in Washington, D.C.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Taxes and stablecoinsThe narrativeThe U.S. House of Representatives voted in favor of the bipartisan infrastructure bill that contains two controversial crypto tax provisions, despite the ardent lobbying of crypto advocates who warned the provision would be terrible for crypto…