President Biden Says No Debt Deal Protecting Crypto Traders

US President Joe Biden says he will refuse to cut any federal debt-ceiling deal with Republicans that shields tax cheats and crypto traders. The stance comes as the US faces defaulting on its debt obligation.

During a news conference, Biden has asked Republicans to help arrive at a bipartisan deal on the debt ceiling. He says he won't accept proposals that aim to protect tax cheats and crypto traders. El presidente de Estados Unidos, Joe Biden, expresó su oposición a un acuerdo sobre el límite de la deuda con los líderes republicanos que supuestamente favor these groups.

As the US faces defaulting on its debt obligation, President Joe Biden said he will not agree to a “deal that protects wealthy tax cheats and crypto traders while putting essential programs at risk. United States President Joe Biden has expressed opposition to a debt ceiling deal that he says would benefit “wealthy tax cheats and crypto traders”.

U.S. President Joe Biden said he's keen to strike a deal with lawmakers that would avoid his government from defaulting on its debt obligations but that doesn't mean he's willing to compromise on his principles. Specifically, Targeting crypto, Biden said that he won’t accept a debt deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for millions of Americans.

United States President Joe Biden has said he is not willing to ink a debt ceiling agreement that would benefit crypto traders. During the final day of G7 talks in Japan, Biden reiterated his position.

Crypto traders face a setback as United States President Biden takes a strong stance, declaring that no debt deal will be made to protect them. He expressed his disapproval of the deal and reaffirmed his commitment to ensuring fairness for all Americans, not just the wealthy and those engaged in crypto trading. The message is clear: Biden will not compromise on this issue.