US 46th President Joe Biden has taken a huge step on his first day itself. He has decided to freeze the Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former Treasury Secretary Steven Mnuchin. Crypto enthusiasts have praised the move with Compound Finance General Council Jake Chervinsky stating; “We fought hard & earned the right to take a breath & reset. Janet Yellen isn't Steve Mnuchin. I'm optimistic.”