Bloomberg: Biden election would be good for Bitcoin, bad for DeFi

Cointelegraph

Published Oct 09, 2020 12:37PM ET

Updated Oct 10, 2020 02:40PM ET

The latest Bloomberg crypto newsletter contends that the election of Joe Biden as president of the United States would bring greater mainstream adoption of Bitcoin (BTC), including a potential exchange-traded fund approval. Further, it referred to the policies of President Donald Trump's administration with regard to crypto as “hands-off”:

Considering that yesterday the Department of Justice published its 70-page "Cryptocurrency: An Enforcement Framework," the newsletter likely was written prior to that.

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