The price in USD would become more stable as it would be traded on foreign markets, peer-to-peer decentralized markets, direct trades for cash or other in ways. Of course trading on exchanges could still be done using unregulated stable coins like DAI, USDT, TUSD, CUSD, BUSD and so on.
Other than that nothing would happen, nodes and miners won't give a fuck about what Biden says, worst case scenario would be to watch Biden play the most complex game of whack a mole ever played while trying to forcefully shutdown nodes and miners.
Can't be done, China has tried for over 10 years, but not even totalitarian China could stop cryptocurrency, not even within their own country.
The price in USD would become more stable as it would be traded on foreign markets, peer-to-peer decentralized markets, direct trades for cash or other in ways. Of course trading on exchanges could still be done using unregulated stable coins like DAI, USDT, TUSD, CUSD, BUSD and so on.
Other than that nothing would happen, nodes and miners won't give a fuck about what Biden says, worst case scenario would be to watch Biden play the most complex game of whack a mole ever played while trying to forcefully shutdown nodes and miners.
Can't be done, China has tried for over 10 years, but not even totalitarian China could stop cryptocurrency, not even within their own country.