4/19, 9:42 PM (Source: TeleTrader)
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Biden admin to regulate crypto markets - report

United States President Joe Biden's administration is working on a legislative framework for rapidly growing crypto assets, Fox Business News reported on Monday, citing anonymous sources.

Fox Business Correspondent Charles Gasparino tweeted "@JoeBiden Admin is in the early stages of developing a regulatory approach to the booming crypto biz".

The news comes following a surge in cryptocurrency trading, including Bitcoin selloff and increasing Doge purchases. Bitcoin was 1.23% in the red at 3:37 pm ET, while Ether lost 3.34%. At the same time, Doge gained 21.50%.

Breaking the News / LH