The Biden executive order is not as bad as you think, yet.

According to the article:

The White House is reportedly preparing an executive action that will instruct federal agencies with regulating cryptocurrencies ‘as a matter of national security’, a person familiar with the matter told Barrons.

According to this source, the national security memorandum, which is expected to be released in the next few weeks, would assign portions of the government the task of analyzing digital assets and putting together a regulatory framework that would cover cryptocurrencies, stablecoins, and non-fungible tokens (NFTs).

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They are not doing anything right now. They are dropping a feeler. They want to see how mad you will get. This is a common political tactic, say they're going to do some outrageous shit, see how the public reacts, then decide how much of your freedom they can fuck with without pissing off their base. Don't get me wrong, they'd probably love to just kill crypto, but they also don't want to lose elections. How the public reacts to this will determine how bad it is.