Why the US is one of the world’s most crypto-friendly nations
Join Our Telegram channel to stay up to date on breaking news coverage It may come as a surprise to some, but the US is undoubtedly one of the friendliest nations when it comes to crypto. With the most Bitcoin and Ethereum nodes, it ranks first, and regulators are particularly interested in the topic. President Joe Biden’s administration published a number of federal reports in September that discussed possible regulations for cryptocurrencies in the next year. Crypto adoption In those papers, the Office of Science and Technology stated that it is the role of the government to “defend” people from the harmful effects of cryptocurrency-related pollution and climate change. America’s largest-ever investment in renewable energy , climate resilience, and greenhouse gas emission reduction is President Biden’s Inflation Reduction Act. A $370 billion incentive fund, including green energy tax credits, is set aside as part of the plan to encourage the wid...