Regulations or no regulations it makes no difference. If the government chooses to ban crypto currency across the world believe you me decentralized exchange would take up the challah to build up a well secured transaction platform where coins would be transacted with ease and we'll securedly. Technology is actually advancing and there is no problem under the sun humans can't tackle with Blockchain and Artificial intelligence

Depends. It will be good because crypto will be acknowledged by the US government officially. That means the rights of owning crypto will be protected by law. The bad news is, we don't know what the regulations will be and we know the US isn't the most relaxed country when it comes to money. So I expect those regulations to be pretty ruthless.

A few things to discuss regarding Biden and Bitcoin.

First of all, you can generally get the feeling of what his thoughts are on Bitcoin via proxy -- Janet Yellen, someone Biden believes is doing a great job.

Janet Yellen was appointed by Biden to be the Secretary of the U.S. Treasury department and has previously referred to crypto as inefficient, citing her concernsabout the stability of crypto. She's an open advocate for regulating crypto into the ground. Perhaps Biden could plead ignorance on her crypto stances because I question his cognitive function, but I save this for another discussion. Buck stops with the President, therefore Biden is responsible for this.

Moving onto the general premise of the U.S. economy -- debt to GDP ratio is not sustainable, and neither is the inflation rate the US has at 7 percent and no longer transitory. In addition quantitative easing in which the central banks have taken on trillions in liabilities has irreversibly increased the money supply. The incentive for Biden is to limit divestments from USD, raise revenue to pay for the debt, and prevent individuals from circumventing p2p transactional taxes. His answer to these issues, of course, is regulating crypto to lower the usage and milk every penny of tax revenue possible.

Biden administration has already navigated the narrative on regulating crypto. They claim it's for national security considerations. Complete nonsense. National security, as many of you all will recall, was the scapegoat for 9/11 privacy invasion and NSA/CIA overreach into the monitoring/tracking of U.S. citizens. Americans readily go along with anything as long as if it makes them feel safer, so the pitch will be clear -- regulate crypto, and this keeps the homeland safer (again, nonsense, but this is the pitch).

And coincidentally in this discussion of regulating crypto, the federal reserve has discussed digitalizing the US dollar into a CBDC. How awfully convenient.

You see what's happening...crush crypto and then put people on a CBDC system where the total money supply can be electronically controlled with the pressing of a keypad. And then any digital USD holders will rely on the federal government to sustain their purchasing power. Eliminating the competition makes adopting of a CBDC much easier.

I'm not sure if it's a good idea to make the White House the key authority on cryptocurrency regulations. I think it's the job of the Parliament to make relevant laws and pass them. With the need of the majority vote, it can be a longer and less radical process because the proposals would be debated, compromises would need to be reached. If the White House can make decisions, they can be done way faster, without a proper counterpart to reach compromise with. I don't mind Biden and I support Harris, but she's not really into cryptos, and from what I've seen she believes they should be classified as commodities.

I can’t really say whether it’s going to be good or bad for now, because I am yet to know how it is going to work. But before now I have been seeing news about how the government plans to regulate cryptocurrency, and how they would go about it. I’m not even sure if that is how they’re all going to do it.

Anyways, I know that a lot of people in the crypto community, we don’t really like the idea of regulation. And of course there would be some of us who wouldn’t mind because we just don’t care whether the government are regulating it or not. However you put it, it’s just all about choices, it would be OK for some people, while it wouldn’t be OK for the rest.

My understanding is that the government has a very distasteful view of stablecoins like USDT and wants to replace them with their own digital dollar eventually.  While going hard after exchanges that aren't currently requiring KYC is inevitable, Biden's administration seems to want to accelerate that process.  I imagine at some point exchanges that choose to use USDT instead of actually dollars will also be facing some regulatory fire.  The % returns available on these stablecoins is too much of a thread to the current system.  With such a massive amount of funds globally stuck in negative real yielding bonds, USDT has become a real threat to their system.  The fact people can take out mortgages on their house and dump the funds into USDT and reap benefits from a massive interest rate spread is terrifying to those in power.  This couldn't possibly last forever. 

it is better to have regulation rather than totally banning the crypto market. at least here, users are given the chance to transact with crypto but with added restriction. unlike, a country which is totally identifying all crypto transactions as illegal, users have very little choice to none, when it comes to crypto dealings. also, this kind of initiative will take time before they actually be implemented. so for the moment, better enjoy the benefits while they are not strict with crypto business.

Many government are trying to have power over bitcoin so that they can control it like the way they control fiat money. I guess Biden is trying to know more about bitcoin, if the government can impose any law against bitcoin that will generate more income to the government account which will be difficult for government to speed.
Many government officials has tried to regulate bitcoin but it will be difficult for president to control decentralized currency that Satoshi created for people to use to improve their economy and to eliminate errors from our transaction. Now that many people understood what bitcoin is all about in the community. Many people are using bitcoin to develop their businesses and their families as large.