Bitcoin and other cryptocurrencies jumped sharply in price after details of the executive order of President Joe Biden appeared on the website of the US Treasury Department. The order calls for an integrated approach to digital assets, and notes that government agencies will coordinate their work in this area. It is noteworthy that this statement was removed from the Ministry's websites a few hours after it was made public. However, this was enough to increase optimism in the cryptocurrency market. According to CoinDesk, the current price of bitcoin is $42,361.30. Other cryptocurrencies, including ether, also rose sharply. The cost of the ether is $2747.32. Analysts note that while some countries, for example, China, seek to destroy the cryptocurrency trade, others, in particular, El Salvador, accept it as a legal means of payment. In the USA, there is no structure of a sufficiently high level for the development and regulation of cryptocurrencies.
«The leaked Treasury statement has been welcomed by the crypto market as it seems to focus on development of the industry, rather than on imposing unrealistic regulations,» said Yuya Hasegawa, market analyst at the Japanese cryptocurrency exchange Bitbank.
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