Bitcoin loves flirting with the mainstream. But now, as the U.S. president says he wants to get serious, it may be getting cold crypto feet.
That seems a muted market reaction to the White House's first formal pronouncement on crypto - though who can truly understand bitcoin, still licking its wounds from China's rejection and nursing nagging disquiet it's losing its identity.Some industry watchers see bullish signs for bitcoin, saying the presidential announcement could presage U.S. regulations on crypto that will draw far more institutional money from the likes of pension funds and insurance firms.
For one thing, it's not clear who's going to be the crypto sheriff, or for that matter whether crypto should be treated as a security or commodity.
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