Biden will overturn Trump's decisions
Jane Psaki Says Joe Biden Will Issue A Memorandum On Inauguration Day That Will Suspend Orders Of FinCEN, SEC And Other Laws Wasted By The Previous Administration
According to Psaki, Biden will assess all documents released in recent weeks and cancel any that do not comply with his policy. The issued memorandum will enter into force on 01.20.2021. This will restore order in the country and eliminate controversial laws passed during the inter-government period.
If the Biden administration fulfills its obligations, the FinCEN decision will fall under the memorandum, and work on this case should be suspended.
For the regulator, this means a loss of progress, but the ban will definitely benefit users of the cryptosphere, exchanges and other financial institutions. Crypto enthusiasts have crossed their fingers and expect the situation to develop further.