President Biden released an executive order on cryptocurrencies this week, which signaled his administration’s cautious plan for addressing risks and “harnessing the potential benefits” of crypto. The executive order’s relatively thin details were cause for optimism among many crypto investors.

Meanwhile, the official inflation rate in the U.S. reached 7.9% in February, a 40-year high. So why isn’t Bitcoin up? Scott and Andy discuss.

Show notes for this episode: https://cryptogic.com/2022/03/bidens-inflation-executive-order/