Debt Ceiling Deal Could Spell Chaos for Bitcoin and Ethereum Prices, Warns Expert.

U.S. presidential hopeful Ron DeSantis has warned that the Biden administration has "it out for bitcoin" and could end up "killing it" completely. Last year, U.S. president Joe Biden issued an executive order instructing various federal agencies to develop a comprehensive plan to regulate the red-hot bitcoin, ethereum and crypto market. The subsequent bitcoin price crash that wiped away around $2 trillion in value from combined bitcoin, ethereum and crypto market, propelled crypto to the top of the regulatory agenda and has forced many U.S. crypto companies to look overseas for friendlier jurisdictions.