In a recent speech at the G7 summit about budget negotiations, President Biden made it clear that he would not agree to any debt deals that protect crypto traders. This statement comes at a time when the cryptocurrency industry is facing increased scrutiny from US regulators. Biden’s remarks highlight his commitment to ensuring a fair and equitable financial system that does not allow for tax evasion or the exploitation of vulnerable Americans.

During his speech, President Biden emphasized the

The European Union (EU) has emerged as a worldwide leader in cryptocurrency regulation, demonstrating its willingness to address concerns about tax evasion and money laundering in the volatile digital currency industry. 

With the recent approval of comprehensive regulations covering crypto assets, including cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), the EU hopes to develop a framework that protects investors while assuring tax compliance.

New Cryptocurrency Regulations

New law

Ethereum’s price faced a clear weekly rejection from the previous week, rejecting 1741 points for pushing the price lower. Last month it created the new high for 2023 after that a correction was en route from the high left in April until last week’s rejection. 

In addition, Ethereum last Month has taken a major lower high of 2022, which means that the change of trend happened this year for Ethereum, this indicates a Bullish trend for the asset. While not forgetting to mention, the last 3 month