Joe Biden's Alzheimers-addled mind cannot allow him to understand how the Bitcoin cryptocurrency works, and so he seeks to regulate it. We see an upcoming executive order is planned to this effect.
We can only hope that he remembers to take his Alzheimers pills, and unruffles his panties.
I'm not one to defend Joe Biden. I personally don't think he could maintain a job as a Walmart greeter. This isn't a reason to be angry with him though. Especially if what the rumors are regarding regulation turns out to be true. My understanding is that he's going to clarify that coins earned from mining or staking aren't taxed until exchanged for dollars, which would be a huge relief to Bitcoin mining organizations, as many have either been operating under the assumption that you need to pay taxes on these coins, or have been hoping that isn't the case and await clarification. I don't think anyone out there mining or staking coins will be upset at Joe for this regulation of crypto. It would actually be a massive positive development that could power the next price increase to new highs.