In response to Trump's aggressive crypto campaign policy, Biden has also taken action. Recently, Biden nominated CFTC commissioners to senior positions in the FDIC and the Treasury Department. Those promoted are officials who are keen on cryptocurrencies.

According to a statement released by the White House on Thursday, US President Joe Biden announced the nomination of Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation (FDIC) and CFTC Commissioner Kristin Johnson as Assistant Secretary of the Treasury Department for Financial Institutions.

Both Democratic CFTC commissioners urged the agency to issue rules or guidelines to protect consumers and address conflicts of interest in the cryptocurrency field. Romero has warned that there is a "contagion risk" in the cryptocurrency market and compared the industry to the 2008 financial crisis. Romero also sponsored the CFTC's Technology Advisory Committee, which voted earlier this year to submit a report to the committee calling on the government and industry to work to understand decentralized finance. Kristin Johnson said last year that the Commodity Futures Trading Commission should "immediately develop regulatory provisions on asset custody." The Biden administration is pushing for the first nomination hearing to begin the week of July 8.

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In addition, I will teach you another trick:

Click on the yellow currency symbol in the post to buy and sell spot goods, and click on the rectangular currency price trend chart to trade contracts. It is very convenient.